Puma Biotechnology, Inc. (PBYI) Q3 2025 Earnings Call Transcript

Mariann Ohanesian
Senior Director of Investor Relations

Thank you, Julian. Good afternoon, and welcome to Puma’s conference call to discuss our earnings results for the third quarter of 2025.

Joining me on the call today are Alan Auerbach, Chief Executive Officer, President, and Chairman of the Board of Puma Biotechnology; Maximo Nougues, Chief Financial Officer; Heather Blaber, Senior Vice President of Marketing; and Roger Storms, Senior Vice President of Sales.

After the close today, Puma issued a news release detailing earnings results for the third quarter of 2025. The webcast and presentation slides will be archived on our website and available for replay for the next 90 days.

Today’s conference call will include statements about Puma’s future expectations, plans, and prospects that constitute forward-looking statements for purposes of federal securities laws. Such statements are subject to risks and uncertainties, and actual events and results may differ from those expressed in these forward-looking statements.

For a full discussion of these risks and uncertainties, please review our periodic and current reports filed with the SEC.
https://seekingalpha.com/article/4840492-puma-biotechnology-inc-pbyi-q3-2025-earnings-call-transcript?source=feed_all_articles

Stormy Bidwill, former Sportsman’s Park president and co-owner of NFL’s St. Louis Cardinals, dies at 97

Starting in the 1960s and continuing through the mid-1990s, Stormy Bidwill’s profile as an influential sports owner was comparable to that of George Halas of the Chicago Bears and Arthur and Bill Wirtz of the Chicago Blackhawks.

From 1962 to 1972, Bidwill, who died Monday at age 97, was co-owner and general manager of the NFL’s St. Louis Cardinals. From 1967 through 1995, he was also president of the National Jockey Club, which conducted thoroughbred racing at Sportsman’s Park, the track his family co-owned.

Visitation will be held on Nov. 19 from 3-8 p.m. at Donnellan Family Funeral Home in Skokie. There will be a funeral Mass on Nov. 20 at 10 a.m. at Saints Faith, Hope and Charity in Winnetka, followed by a graveside service at 11:30 a.m. at Sacred Heart Cemetery in Northbrook.

At one point in the 1990s, Bidwill was the largest individual shareholder in Churchill Downs Inc., a member of the board of directors, and a close confidant of Warner L. Jones, the Kentucky thoroughbred breeder who, as chairman, oversaw a revitalization of the racetrack and the corporation’s evolution from a single track to a conglomerate.

Bidwill, whose given name was Charles Bidwill Jr., was also co-owner of four greyhound tracks in Florida during a time when dog racing was a popular pastime for the state’s year-round residents, snowbirds, and vacationers. All of these items in his diversified sports portfolio were inherited from his mother, the widow of Charles Bidwill Sr., one of America’s most colorful and charismatic sports owners and entrepreneurs.

When Charles Sr. died of bronchial pneumonia on April 19, 1947, at age 51, Stormy was an undergraduate student at Georgetown University and overnight became the heir apparent. “I don’t know what would have happened if my dad had lived,” he later told the Tribune’s Rick Kogan. “A choice was made for me.”

Although he was outgoing like his flamboyant father, Stormy made a conscious effort to stay out of the limelight throughout his life. Nevertheless, he was well-liked, respected, and admired more than any of his Chicago sports owner contemporaries.

Charles Bidwill Jr. was the antithesis of his nickname, which he acquired when he was a toddler. His uncle, State Sen. Arthur Bidwill, heard him causing a commotion and proclaimed, “This is the stormiest character I have ever seen.” His father burst out laughing and gave him the nickname.

“His nickname was misplaced. You hear ‘Stormy’ and you would think he was constantly creating an uproar or something,” said the late former Illinois Gov. Jim Edgar, an owner and breeder of thoroughbreds and standardbreds who knew Bidwill well. “Nothing could be further from the truth. I’ve met a lot of nice people in racing but nobody nicer than Stormy.”

“If ‘shrewd, tough and innovative’ are the first words used by associates and competitors to describe Stormy Bidwill, ‘fair, honest and devout’ are close behind,” Jeff Johnson wrote in The Blood Horse in 1999.

Born in Chicago on June 9, 1928, Bidwill graduated from St. Ignatius High School and went on to Georgetown, where he earned bachelor of science and law degrees. Although he passed the bar in both Washington, D.C., and Illinois, he never practiced law because he was preoccupied by his responsibilities in thoroughbred racing and pro football.

His father was one of the NFL’s pioneers and on more than one occasion loaned Halas money so that the Bears owner and coach could make payroll. In return, the elder Bidwill received $50,000 in Bears stock.

In 1933, Charles Bidwill Sr. got his own NFL team when he paid a Chicago dentist, Dr. David Jones, $50,000 to buy the Chicago Cardinals. His diversified sports ownership portfolio also included the Chicago American Giants — the most dominant team in the Negro baseball league from 1910 until the mid-1930s — the Chicago Bluebirds women’s professional softball team, Sportsman’s Park, the Florida greyhound tracks, and a string of racehorses.

In addition, Charles Sr. ran Hawthorne Race Course for the Chicago Businessmen’s Racing Association under a lease agreement from 1924-45, and then for the estate of Thomas Carey from 1946 until Bidwill’s death the following year.

Stormy’s mother, Violet, took over the Cardinals after the death of her husband and sold the $50,000 in Bears stock back to Halas. In 1949, she married St. Louis businessman Walter Wolfner, who was named managing director of the team two years later with Stormy as president and his brother Bill, who was three years younger, as vice president. However, the brothers had no true decision-making responsibilities despite their titles.

Under pressure from the Bears and the NFL, Wolfner was instrumental in moving the Cardinals to St. Louis in 1960.

Violet died on Jan. 29, 1962, in a physician’s office after a violent reaction to a penicillin shot. She left all of the sports holdings she’d inherited from her husband to Stormy and Bill, including an 82% interest in the Cardinals. Wolfner inherited nothing but five Oklahoma oil wells that generated $400 in monthly profits.

Wolfner filed a lawsuit claiming the brothers were illegally adopted as infants. This stunned Stormy and Bill, who were unaware they were adopted until they got the news in Probate Court. The judge ruled in favor of the Bidwills, and acting as the Cardinals president, Stormy also became the team’s general manager.

Co-ownership of the Cardinals proved to be a strain on the brothers’ relationship. In 1972, Stormy reluctantly sold his half of the team to Bill for a reported $6 million. Bill moved the Cardinals from St. Louis to Phoenix in 1988, and his son Michael took over operations in 2007.

After selling the Cardinals, Stormy focused on running Sportsman’s thoroughbred meeting and expanding the Churchill Downs Inc. holdings he’d inherited. The Louisville track’s president, Matt Winn, couldn’t pay the bill owed for betting tickets printed by a business owned by Charles Bidwill Sr., which led to Bidwill’s growing involvement.

In the years since Stormy left the Cardinals hierarchy, the value of an NFL franchise skyrocketed while racing profits dwindled. This decline was due to massive expansion of casino gambling and the growth of mainstream sports, which enlarged their audience dramatically through television contracts.

“I can’t look back,” Stormy said later when asked about the financial ramifications of the split. “His idea of how to run the team and mine were different. The leaving wasn’t easy for either of us. Now, I call him on his birthday and he calls me on mine.”

With Stormy at the reins, Sportsman’s was superbly maintained and supremely functional. While he concentrated on the thoroughbred meeting, the track’s co-owner, the late Billy Johnston — whose father was another of the track’s founding fathers — directed the harness meeting and made it a smashing success.

Without prodding from the Illinois Racing Board, Stormy renovated the Sportsman’s stable area, a 15-year, $4 million project that entailed building fireproof brick barns with second-floor dormitories for backstretch workers. In 1990, he renovated the grandstand at a cost of $1 million, and in 1992, he spent $3.6 million to resurface the racing strip and expand it from five-eighths of a mile to seven-eighths, giving Sportsman’s a 1,436-foot homestretch, the longest in North America.

Unlike the late Dick Duchossois, the former Arlington International Racecourse owner and chairman who relentlessly sought to drive rival track owners out of business, Bidwill took an ecumenical approach. As he put it, “We are all in the same lifeboat. What’s good for Arlington is good for us (at Sportsman’s).”

The track fell on hard times after Stormy’s eldest son and successor as president, Charles “C3” Bidwill III, discontinued harness racing. In 2000, C3 converted the facility into a $200 million combination thoroughbred/auto racing venue known as Sportsman’s Park/Chicagoland Motor Speedway, increasing seating capacity from 12,000 to 67,000.

However, after three years, C3’s collective venture with Championship Auto Racing Team (CART) magnate Chip Ganassi and Sportsman’s chief operating officer Ed Duffy proved to be an aesthetic and financial failure, leaving the National Jockey Club with an estimated $70,000 debt load.

In an attempt to continue thoroughbred racing, in 2003 the National Jockey Club shut down Sportsman’s and partnered with next-door neighbor Hawthorne to create Hawthorne National LLC, racing there for 99 years under a lease arrangement. The Carey family and Bidwill racing groups remained separate entities.

But that attempt was thwarted in 2006 when Duchossois Industries bought a reported $20 million National Jockey Club note with Harris Bank and foreclosed, putting it out of business. By then, Stormy was no longer involved in the decision-making process, and his sports holdings were limited to his Churchill stock and the greyhound tracks he co-owned with Johnston. These greyhound tracks have since been converted into poker rooms following Florida’s ban on dog racing.

His role at Churchill became that of a director emeritus.

Without fanfare in 2006, Stormy and his since-deceased wife of 67 years established the Charles W. and Patricia Bidwill Foundation. According to their daughter Patti, who serves as the foundation’s chairman, it has a two-fold purpose: providing quality education for young men and women who otherwise wouldn’t have access to it, and providing educational support to children with physical and mental special needs.

Stormy and Patricia raised their family in Winnetka and Kenilworth before moving to Northfield, where he resided at the time of his death.

In addition to Charles III and Patti, he is survived by another son, Brian, and daughters Mary Christine and Shauna (Danny) Valenzuela. Stormy was preceded in death by his wife Patricia in 2016 and brother Bill in 2019.
https://www.chicagotribune.com/2025/11/07/stormy-bidwill-dies-chicago-sports-owner/

Kiefer Sutherland, Al Pacino & Ever Anderson Thriller ‘Father Joe’ Heads To AFM With Kinology & CAA Media Finance

**EXCLUSIVE: Kiefer Sutherland, Al Pacino, and Ever Anderson Star in Action-Thriller *Father Joe***

The upcoming action-thriller *Father Joe*, starring Kiefer Sutherland, Al Pacino, and Ever Anderson, is set to be showcased at the American Film Market (AFM). Kinology will handle international sales, while CAA Media Finance is responsible for domestic sales.

Currently in production, the film is written and produced by Luc Besson, with Barthélémy Grossmann directing. Set against the gritty backdrop of 1990s Manhattan, *Father Joe* follows a man of faith—played by Sutherland, known for his role in *24*—who wages a violent war against the city’s criminal underworld.

Oscar winner Al Pacino portrays a powerful mob boss whose criminal empire clashes with Father Joe’s crusade. Meanwhile, Black Widow actress Ever Anderson takes on the role of a young woman caught between danger and redemption under Father Joe’s guidance.

The film is produced by LB Production, Besson’s EuropaCorp, and Kiefer Sutherland. Notably, Kinology recently collaborated with Besson—director of *The Fifth Element* and *Lucy*—on films such as *Dracula* and *DogMan*.

Stay tuned for more updates on this thrilling project.
https://deadline.com/2025/11/kiefer-sutherland-al-pacino-ever-anderson-father-joe-afm-1236611052/

Palworld community manager points to a new problem with GTA 6’s delay: ‘Expect to see many games swerve to avoid the 2027 awards season’

If you feel like we’ve been here before, well done for being perceptive—because we have. Rockstar announced yesterday that GTA 6 is getting delayed again, now scheduled for November 19. That date feels like an eternity away for eager fans.

Unsurprisingly, GTA 6 fans have had very… *normal* reactions to the news. After the last delay, it seems like most have gone through all the stages of grief and reached acceptance, or something close to it:

> “Nothing wrong with delaying a game. Nothing at all. But why keep giving dates with so much confidence when they know it needs more time to polish?”

Among fans trying to rationalize another delay, voices from within the gaming industry have shared support, thinly veiled threats, and even some theories about the timing of the GTA 6 news.

“Interestingly, just a little industry knowledge for all you gamers: a Nov 19 launch puts them outside the nomination window for most game awards in 2026,” says Palworld’s Communications Director, Bucky, in a social media post.

> “Intentional or not? Either way, expect to see many games (especially AAA ones) swerve to avoid the 2027 awards season.”

I’m not convinced the delay has anything to do with missing the 2026 game awards schedule, though I wouldn’t want to go up against Mewgenics in a fight. Still, the fact that GTA 6 will now likely fall into the 2027 awards window could cause more headaches than benefits.

It was already clear that everyone wanted to steer clear of GTA 6’s launch — well, all except for Devolver, but go off, I guess. GTA 6 won’t just monopolize people’s time and wallets; it’s going to dominate the awards season as well.

It’s starting to feel like Baldur’s Gate 3 all over again. God help our souls.
https://www.pcgamer.com/games/grand-theft-auto/palworld-community-manager-points-to-a-new-problem-with-gta-6s-delay-expect-to-see-many-games-swerve-to-avoid-the-2027-awards-season/

Benfica vs Casa Pia Prediction and Betting Tips | November 9th 2025

Benfica will face Casa Pia at Estádio da Luz on Sunday in another round of the 2025-26 Primeira Liga campaign. The home side have performed brightly in the league this season and currently sit third in the table, just four points behind rivals Porto at the top.

In their last league outing, Benfica secured a comfortable 3-0 victory over 10-man Vitória. Three different players found the net in the second half, including 20-year-old João Rêgo, who scored his maiden Primeira Liga goal. Despite their strong domestic form, Jose Mourinho’s men continue to struggle on the continental stage, having suffered a 1-0 defeat to Bayer Leverkusen during the week. This loss marked their fourth consecutive defeat in the UEFA Champions League this season.

Casa Pia, on the other hand, have had a difficult league campaign so far and will need significant improvements to secure a fifth consecutive season in Portugal’s top flight. The visitors were beaten 5-3 at home by Estrela Amadora last weekend, leaving them 16th in the league table and only four points above the winless AVS at the bottom.

### Benfica vs Casa Pia: Head-to-Head and Key Numbers

There have been 11 meetings between Benfica and Casa Pia, with Benfica winning nine and drawing one. Casa Pia managed an impressive 3-1 win in their last encounter earlier this year, ending a 10-game winless streak against Benfica that stretched back to 1939.

This season, Benfica boasts the third-best offense and second-best defense in the Primeira Liga, having scored 21 goals and conceded only four. Conversely, Casa Pia have conceded 22 goals, with only bottom-placed AVS (24) and Arouca (26) shipping more.

### Match Prediction

Benfica come into the game on the back of four consecutive domestic wins, with an aggregate scoreline of 13-0. They remain undefeated at home in the league this season and are clear favorites heading into Sunday’s fixture.

Casa Pia are currently winless in their last five league matches and have suffered back-to-back defeats. Given the clear gulf in class and form between the two sides, the visitors are likely to struggle. Expect Benfica to dominate and secure a comfortable win.

**Prediction:** Benfica 3-0 Casa Pia

### Benfica vs Casa Pia: Betting Tips

– **Tip 1 (Result):** Benfica to win
– **Tip 2 (Goals Over/Under 2.5):** Over 2.5 goals (each of Casa Pia’s last five matches have seen more than 2.5 goals)
– **Tip 3 (Both Teams to Score):** No (both teams have scored in only one of Benfica’s last nine matches)

Stay tuned for what promises to be an exciting encounter at Estádio da Luz!
https://www.sportskeeda.com/football/benfica-vs-casa-pia-prediction-betting-tips-november-9th-2025

Bills fans head to Miami as FAA flight cuts cause nationwide delays

CHEEKTOWAGA, N.Y. (WIVB) — Bills fans packed the Buffalo-Niagara International Airport Friday morning, heading south for Sunday’s matchup in Miami. However, some travelers are already feeling the impact of nationwide flight disruptions.

The Federal Aviation Administration (FAA) ordered airlines to reduce thousands of flights beginning Friday, citing a shortage of air traffic controllers during the busy travel period. This directive has caused delays and cancellations affecting many passengers across the country, including those traveling to support the Bills in Miami.

Travelers are advised to check with their airlines for updated flight information and plan accordingly to minimize inconvenience.

https://www.wivb.com/bills-mafia-buffalo-fans/bills-fans-head-to-miami-as-faa-flight-cuts-cause-nationwide-delays/

Found: Jean Sweatpants That Are Equally Soft and Chic (We Swear)

Do you ever wish you could wear sweatpants 24/7? Is the feel of stiff denim a sensory nightmare? We relate. That’s why we’re obsessed with the current trend of jean sweatpants.

These denim-style pants offer the chic styling of jeans with the comfortable feel of sweatpants. Basically, it’s the best of both worlds.

Jean sweatpants are usually made from a stretchy, super-soft cotton blend material with a pull-on style that fits like PJs. So, there’s no need to sacrifice comfort anymore—we’ve found styles that look just as good as regular jeans.

This trend is the opposite of tight and uncomfortable jeggings, which were popular in the 2010s. Instead, these pants come in a variety of styles—from an oversized wide-leg fit to a classic straight leg.

With such a range of options, there’s definitely a style that works best for you and your wardrobe.
https://www.eonline.com/news/1424744/we-found-8-top-rated-jean-sweatpants-that-are-equally-soft-and-chic?cmpid=rss-syndicate-genericrss-us-top_stories

Cal focused on fundamentals in upset bid at No. 15 Louisville

In the city where a horse named Donerail once won the Kentucky Derby against 91-to-1 odds, the Cal football team faces a less steep challenge this Saturday against 15th-ranked Louisville. Still, the Golden Bears will take the field as 19.5-point underdogs—the most lopsided point spread they’ve faced all season.

One week after a hard-fought 31-21 loss to 14th-ranked Virginia, in a game they trailed by just three points in the final minute, the Bears (5-4, 2-3 ACC) are chasing what has eluded them most of this season: a complete game.

Asked what it will take to upset the Cardinals (7-1, 4-1), Cal coach Justin Wilcox offered no magic formula. “Block and tackle. I know that’s going to seem like coach-talk and over-simplification but it’s true,” he said. “We have to block and we have to tackle. Without that, we have no chance. I don’t care what scheme you have. You just have a dry-erase marker at that point.”

The Bears have shown promise at times this season, led by quarterback Jaron-Keawe Sagapolutele, whose numbers outshine those of any Cal freshman at the position other than Jared Goff. But entering their 10th game of the season, Cal is still struggling to find someone who can deliver an accurate shotgun snap to Sagapolutele.

Inconsistency has plagued the Bears nearly everywhere on the field at one time or another. Their offensive line has been a weak link again this season, and there may be changes there on Saturday. The defense, a staple under Wilcox for most of nine seasons, cannot stop the run and struggled to get off the field on third down last week.

Fortunately, junior linebacker Cade Uluave, the team’s best player, is now listed as probable to play after leaving the Virginia game in the first quarter with an injury.

Having lost two in a row for the first time this season, the Bears need one more victory just to become bowl eligible. They’ll need to overachieve to reach seven or eight wins, which aligns more closely with preseason expectations for the team.

Cal has a bye week next before traveling to Stanford for the Big Game, then closing the regular season at home against SMU.

Wilcox said his team remains motivated. “Unfortunately, it takes more than effort,” he said. “We’ve got to play better football.”

Senior cornerback Paco Austin, who had six pass breakups against Virginia, agreed that there is no surrender in the locker room. “We’re pretty confident right now. We just have to tighten up some screws and start faster,” he said, referring to the 10-0 first-quarter hole they faced against Virginia. “If we play together as one team, we’re unstoppable.”

The Bears weren’t exactly unstoppable during their first three wins, but it was an encouraging start to the season. Since then, they are 2-4, with victories over ACC bottom feeders Boston College and North Carolina that were not secured until late defensive takeaways.

The losses have taken a toll but haven’t killed the Bears’ spirit, their coach said. “The mentality’s there,” Wilcox said. “They’re disappointed, they’re frustrated, like everybody. That’s what happens when you don’t win games. But we had opportunities and didn’t get it done. How are we gonna fix that? That’s the attitude.”

Austin acknowledged that a win over Louisville would mean a lot to the Bears. “Every win, whether they’re 0-and-whatever or ranked, every win matters,” Austin said. “I feel like everybody is in a good mood, nobody is dragging their feet like, ‘Oh, we just lost.’ Everybody is next-game mentality.”
https://www.mercurynews.com/2025/11/07/cal-acc-football-louisville-preview/

Nebius: The Hype Overwhelms Sobriety (Upgrade)

**Nebius: The Hype Overwhelms Sobriety (Upgrade)**
*Nov. 07, 2025 | 10:14 AM ET*

**Nebius Group N.V. (NBIS) Stock Analysis**

Nebius Group N.V. has surged over 100% since July, but this rally is not supported by improved fundamentals or profitability outlook. Despite a 30% increase in revenue estimates, NBIS’s EPS forecasts have declined, raising concerns about its business model and valuation.

NBIS stock’s forward price-to-sales (P/S) ratio has soared to 51, making the current $27 billion market cap appear unjustified by near-term growth potential.

We are upgrading NBIS stock to **Hold**, driven primarily by persistent AI hype, CEO-centric sentiment, and potential Federal Reserve rate cuts, which may sustain elevated valuations through 2025.

I believe the 100%+ rally of Nebius Group N.V. (NBIS) since mid-July — when I shared my bearish take — was triggered by factors other than fundamentals. This observation is not merely stubbornness but based on careful analysis.

### About the Author

With a decade at a Big 4 audit firm specializing in banking, mining, and energy sectors, I bring a strong foundation in finance and strategy. Currently, I serve as the Head of Finance for a leading owner and operator of retail real estate, where I oversee complex financial operations and strategy.

I have been an active investor in the U.S. stock market for 13 years, starting with my very first paycheck. Over time, my portfolio has evolved to reflect a balanced approach, with a growing focus on value stocks while maintaining solid exposure to growth opportunities.

My investment philosophy is rooted in thorough research and a long-term perspective, which has helped me navigate various market cycles successfully. I aim to bring value to Seeking Alpha readers by uncovering promising under-the-radar stocks that may not yet be on the broader market’s radar.

My background in auditing and finance, combined with years of hands-on investing experience, allows me to provide unique insights and actionable ideas for fellow investors.

### Analyst’s Disclosure

I/we have no stock, option, or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

### Seeking Alpha’s Disclosure

Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.

Seeking Alpha is not a licensed securities dealer, broker, U.S. investment adviser, or investment bank. Our analysts are third-party authors that include both professional and individual investors who may not be licensed or certified by any institute or regulatory body.

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https://seekingalpha.com/article/4840243-nebius-the-hype-overwhelms-sobriety-upgrade?source=feed_all_articles