Raised FY2026 revenue guidance to $52M–$57M (vs. $46.89M); maintained FY2026 adjusted EBITDA loss guidance of $400M–$445M.
Published on
French yields have been rising for weeks as lawmakers wrangle over a 2027 budget that calls for billions of euros in spending cuts to reduce a debt pile that now stands at around 120% of France’s GDP – one of the highest levels in the eurozone and well above the EU limit of 60%.
The French Treasury’s OAT bond is also used to set interest rates across a wide swath of the economy, meaning borrowing costs could begin rising for businesses and households.
The last time it was that high was during the dot-com financial crisis.
The spread between the 10-year yield and the German 10-year bond, considered the European benchmark of creditworthiness, also surged to nearly 160 basis points.
The bond selloff puts further pressure on the government ahead of a decision Friday by the ratings agency Moody’s on France’s sovereign credit rating, with most economists expecting a downgrade that would automatically raise the government’s borrowing costs.
Prime Minister Sebastien Lecornu is trying to get a 2027 budget approved in parliament despite not having a political majority for the €43 billion ($48bn) in spending cuts he seeks.
Even if approved, the budget would bring France’s deficit down to only 5% of GDP next year, well above the 3% limit for EU members.
Meanwhile, protests over the weekend calling in part for more spending on schools and other public services, degenerated into the worst street violence seen in years.
Additional sources • AFP
Anyone have a helicopter available for Friday night?
This is the weekend when high school football fans and sportswriters across the Southland need air transportation or multiple screens on a computer or cellphone or at a sports bar to watch the many top games during Week 8.
It doesn’t get any better than No. 1-ranked Santa Margarita (7-0) playing at No. 2 St. John Bosco (6-1) in a Trinity League game that will feature big-boy football at its best. The NFHS Network will be streaming the game.
It’s not the only game you’ll want to see.
Let’s review the choices so you can use Google Maps or a TV remote control or just never let go of your phone on Friday night.
Santa Margarita coach Carson Palmer, center, with offensive coordinator Lenny Vandermade, left.
(Craig Weston)
Santa Margarita at St. John Bosco, 7 p.m.
Last week, St. John Bosco avenged last year’s stunning Southern Section Division 1 first-round playoff loss to Orange Lutheran, a team it beat 48-0 in the regular season. This week, the Braves finally get to play Santa Margarita, the school that won the state Open Division championship because St. John Bosco was nowhere to be found. Santa Margarita has a 13-game winning streak since losing to the Braves last October.
This isn’t the same Santa Margarita team. Trent Mosley is now at USC, where he looks like a Heisman Trophy candidate when not injured. The Trojans are off this week, so look for Mosley to be on the sideline supporting brother Grant, an Eagles receiver. Santa Margarita’s strength is running the ball with undersized Adrian Petero (5 feet 5, 175 pounds) to set up the pass for quarterback Fletch Palmer, son of coach Carson Palmer.
St. John Bosco has become more of a running team with Maliq Allen, but quarterback Koa Malau’ulu remains a dangerous weapon with receivers DJ Tubbs and Kuika Moaalii. This game likely comes down to a chess match each play, testing defensive coordinators Steve Fifita (Santa Margarita) and Chris King (St. John Bosco). Both have great respect for each other. Turnovers, penalties and special teams must be watched closely. The pick: St. John Bosco.
Bishop Amat (6-1) at Sherman Oaks Notre Dame (7-0), 7 p.m.
Spectrum 1 chose to televise this game, which will decide who gets to finish second in the Mission League behind Sierra Canyon. Notre Dame is a surprise being unbeaten at this point, but Tahj Skinner has proven to be one of the best athletes at quarterback, and the Knights are filled with fast players on both sides of the field from their successful track program. Bishop Amat must worry about Notre Dame’s speed, but Notre Dame must deal with the Lancers’ physicality. The pick: Bishop Amat.
Mission Viejo (6-1) at San Clemente (7-0), 7 p.m.
Home-field advantage matters in this annual rivalry game in the recently renamed Alpha League. Mission Viejo’s offensive line is elite. Receiver Jack Junker got to play running back last week and showed his big-play skills. San Clemente has its own versatile star in receiver/safety Jaxson Rex. In the end, it’s about which young quarterback can avoid mistakes, with Mission Viejo relying on sophomore Brett Burnor and San Clemente turning to junior Preston Beck. The pick: San Clemente.
King/Drew (4-3) at Crenshaw (5-2), 7 p.m.
King/Drew has been the upstart trying to win the Coliseum League with Crenshaw always standing in the way. Quarterback Gerald Torres has put together a strong season, passing for 1,363 yards and 13 touchdowns. Crenshaw struggled against Palisades’ passing attack this season, so the Cougars’ defense will be tested. Crenshaw has added more balance on offense with quarterback Ethan Grant. The pick: Crenshaw.
Hamilton (3-4) at Palisades (3-3), 7 p.m.
There should be more than 100 passes attempted in a game that will decide the Western League title. Have ice available afterward for the elbows of quarterbacks Robert Holohan III of Palisades and Thaddeus Breaux of Hamilton. The pick: Hamilton.
Amy Sussman/Getty Images Entertainment
Universal Pictures’ (CMCSA) supernatural horror thriller “Other Mommy” scared up an estimated $27.5 million in domestic ticket sales over the weekend, leading the North American box office as moviegoing revenue for 2026 surpassed $8 billion.
The film, starring Jessica Chastain and