Selig's Nomination Seeks to Close the Gap Between SEC and CFTC on Crypto Issues

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(NASDAQ:SFD) jumped 6.8% in premarket trading after the meat company posted third-quarter revenue of $3.7 billion, reflecting a 12.4% rise from the previous year, as reported by . The company benefited from strong demand in its packaged meats, fresh pork, and hog production divisions, which recorded sales increases of 9.1%, 12.0%, and 10.1%, respectively. Adjusted earnings per share reached $0.58, surpassing the consensus forecast of $0.50, and operating income climbed 8.9% to $310 million. CEO Shane Smith credited the results to the company’s vertically integrated approach, which helped counter higher input costs, and noted a robust balance sheet with $3.07 billion in available liquidity. also maintained its outlook for fiscal 2025, expecting sales to grow at a low-to-mid-single-digit rate, and reiterated its commitment to long-term value for shareholders.

In India, Suraj Estate Developers posted a 4% annual increase in net profit to Rs 33.1 crore for the second quarter of FY26, with revenue up 33% to Rs 144.6 crore, according to a

. The real estate company’s EBITDA rose 3% to Rs 65.6 crore, though its EBITDA margin narrowed to 45.1% from 58.3% a year ago. Pre-sales saw a significant 89% quarter-on-quarter surge to Rs 153 crore, fueled by successful launches such as Suraj Aureva and Parkview 1. Rahul Thomas, a full-time director, emphasized the company’s “strong operational momentum” and its brand’s reputation in South-Central Mumbai.

TTK Prestige, a top kitchen appliance producer, reported a 21.5% year-on-year rise in consolidated net profit to Rs 64.24 crore for Q2 FY26, as noted in a

. Operating revenue increased by 11.15% to Rs 833.70 crore, and profit before tax grew 25.67% to Rs 88.47 crore. Despite a 3.97% drop in net profit for the half-year to Rs 90.86 crore, the company’s operating revenue was up 7.85% at Rs 1,443 crore. Material costs rose 5.08% year-over-year to Rs 169.20 crore, while employee expenses edged up 1.1% to Rs 79.87 crore.

Shenandoah Telecommunications (NASDAQ:SHEN) revealed a 10% boost in its annual dividend to $0.11 per share, offering a forward yield of 0.85%, according to a

. The dividend, scheduled for payment on December 1, marks the company’s second straight annual increase and highlights its ongoing commitment to shareholder returns as it expands fiber-to-the-home internet services in Virginia.

Elsewhere, regulatory developments in the cryptocurrency industry drew attention as Donald Trump nominated Michael Selig, currently the SEC’s crypto task force chief counsel, to head the Commodity Futures Trading Commission (CFTC), according to a

. The nomination is intended to streamline digital asset regulation between the SEC and CFTC, with Selig’s background expected to help bridge regulatory differences. Lawmakers are working to clarify the CFTC’s jurisdiction over crypto derivatives and tokenized assets, aiming for coordinated progress by year-end. Selig’s nomination follows previous unsuccessful attempts to appoint industry-affiliated candidates, indicating a bipartisan effort to establish clearer regulatory frameworks.