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IREN was up more than 7% in pre-market trading.

Commander of the Gendarmerie, Japan Razafindrakoto, stated that preliminary investigations show the mining workers were conducting night operations at the time of the incident and had not received any warning. After the incident, the Mayor of Vatovandry ordered the closure of the mining area and banned all mining activities. Currently, the Gendarmerie is investigating the cause of the accident.

According to Odaily, Natalia Lipisina, JPMorgan's Head of Equity Strategy for Europe, the Middle East and Africa, stated that the US earnings "super cycle" will drive the stock market to reach new highs. This trend is fueled by massive investments from mega-cap companies and advancements in artificial intelligence agent technology. Lipisina said, "We have actually just raised our expectations for the S&P 500 index, and we believe that earnings growth in 2026 could reach 20%." During the current earnings season, S&P 500 index earnings growth has reached its highest level in five years, with most of the growth still coming from large tech companies. Lipisina described the recent earnings growth performance as "quite remarkable," with the technology sector playing a major role. The upward revision in earnings expectations reflects the bank's confidence that earnings growth will be more persistent than the typical economic cycle. (Golden Ten Data)