NIL
Allogene's Q1 Earnings In Line With Estimates, Sales Nil
Allogene Therapeutics ALLO incurred first-quarter 2025 loss of 28 cents per share, which matched the Zacks Consensus Estimate. In the year-ago period, the company had incurred a loss of 38 cents per share. As ALLO lacks a marketed product in its portfolio, it did not report any sales during the quarter. In the year-ago period, […]

Allogene Therapeutics ALLO incurred first-quarter 2025 loss of 28 cents per share, which matched the Zacks Consensus Estimate. In the year-ago period, the company had incurred a loss of 38 cents per share.
As ALLO lacks a marketed product in its portfolio, it did not report any sales during the quarter. In the year-ago period, Allogene recorded collaboration revenues worth $0.02 million.
Year to date, shares of Allogene have plunged 47% compared with the industry’s 6% decline.
Image Source: Zacks Investment Research
Research & development (R&D) expenses totaled $50.2 million, down 4% from the year-ago quarter’s level.
General and administrative (G&A) expenses declined 13% year over year to $15.0 million.
As of March 31, 2025, Allogene had $335.5 million in cash, cash equivalents and investments compared with $373.1 million as of Dec. 31, 2024. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar)
In light of the dynamic macroeconomic environment and the need to preserve capital, Allogene recently implemented strategic cost realignment initiatives aimed at optimizing operations and extending its financial runway.
As a result, the company has revised its 2025 guidance and now expects operating expenses for the full year to be around $230 million, including nearly $45 million in non-cash stock-based compensation. This compares favorably to the prior forecast of around $250 million, which included about $50 million in stock-based compensation.
Cash burn for 2025 is expected to be around $150 million, down from the previous guidance of $170 million. Based on these expected savings, Allogene claims that its cash runway will now fund operations into the second half of 2027 — a full year beyond its earlier projection.
Allogene’s main focus is on the pivotal phase II ALPHA3 study, which is evaluating lead drug cema-cel as a potential first-line treatment for newly diagnosed and treated large B cell lymphoma (LBCL) patients who are likely to relapse and need further therapy. While the company was initially expected to provide lymphodepletion selection and futility analysis from this study around mid-2025, the delayed site readiness to initiate screening activities has pushed the timeline back by roughly two quarters. The analysis is now expected in the first half of 2026.
ALLO is also planning to explore the potential of allogeneic CAR-T cell therapies in autoimmune diseases. It plans to start the phase I RESOLUTION basket study with a new candidate, ALLO-329, across various autoimmune diseases, including systemic lupus erythematosus, idiopathic inflammatory myopathies, and systemic sclerosis in mid-2025. Allogene has updated the timeline for its first data readout, now aiming for the first half of 2026 (compared to the previous guidance of a 2025-end update) to include both biomarker and clinical proof-of-concept data.
Allogene intends to present updated data from a cohort of the phase I TRAVERSE study evaluating ALLO-316 in patients with heavily pretreated advanced or metastatic renal cell carcinoma (RCC) at the 2025 ASCO Annual Meeting on June 1.
Allogene currently has a Zacks Rank #2 (Buy).
Allogene Therapeutics, Inc. price | Allogene Therapeutics, Inc. Quote
Some other top-ranked stocks from the industry are Adaptive Biotechnologies ADPT, Agenus AGEN and Elevation Oncology ELEV, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, estimates for Adaptive Biotechnologies’ 2025 loss per share have improved from 92 cents to 87 cents. During the same timeframe, estimates for 2026 loss per share have narrowed from 69 to 65 cents.
Adaptive Biotechnologies’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 21.38%. Shares of ADPT have surged 55% year to date.
Estimates for Agenus’ 2025 loss per share have narrowed from $7.05 to $5.85 over the past 60 days, and the same for 2026 loss has improved from $7.14 to $5.74.
Agenus’ earnings beat estimates in two of the trailing four quarters and missed the mark on the other two occasions, delivering an average negative surprise of 22.71%. Year to date, its shares have gained 23%.
In the past 60 days, estimates for Elevation Oncology’s 2025 loss per share have narrowed from 82 cents to 61 cents. Loss per share estimates for 2026 have narrowed from 88 cents to 44 cents during the same timeframe. Year to date, shares of ELEV have lost 38%.
Elevation Oncology’s earnings beat estimates in two of the trailing four quarters and missed the mark on the remaining occasions, the average surprise being 5.10%.
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This article originally published on Zacks Investment Research (zacks.com).
NIL
Rick Pitino defends RJ Luis’ controversial decision to remain in 2025 NBA Draft
RJ Luis’ decision to remain in the NBA Draft instead of returning to college basketball to cash in on a major payday in the transfer portal was the most controversial choice a player made this spring. Most people in Luis’ shoes, a projected fringe second round selection, would have easily opted to play another season […]

RJ Luis’ decision to remain in the NBA Draft instead of returning to college basketball to cash in on a major payday in the transfer portal was the most controversial choice a player made this spring.
Most people in Luis’ shoes, a projected fringe second round selection, would have easily opted to play another season of college basketball, while getting a major NIL package, but the Big East Player of the Year remained true to his word when he said he was not thinking about withdrawing from the draft.
Despite the criticism of his choice, Rick Pitino defended Luis on Wednesday night at Yankee Stadium.
“It’s a matter of going on with your future and taking less money. So, I think he’s looking at it, not as a business move, but as a future move to making the NBA,” the St. John’s head coach said.
“And every year you don’t go that route, it’s tougher to get there.”
Pitino explained that he wasn’t surprised about RJ Luis’ decision because the Big East Player of the Year told him months ago that he was going to stay in the draft.
Luis’ time at St. John’s came to a controversial ending after he was benched in the Red Storm’s NCAA Tournament loss against Arkansas for the final five minutes. A week later he announced his intentions to enter the NBA Draft while also putting his name into the transfer portal to keep all of his options open. However, one thing was certain that he would not be returning to St. John’s.
“He’s going to be a great pro,” Pitino added prior to his ceremonial first pitch of the New York Yankees and Cleveland Guardians game.
“What people don’t realize, because they haven’t coached him, is how good of a passer he is, how good a shot blocker he is, how good an offensive rebounder he is. They just see the scoring ability.”
Luis averaged 18.2 points, 7.2 rebounds, 2.0 assists, and 1.4 steals per game for the Johnnies this season while shooting 43.9-percent from the floor and 33.6-percent from 3-point range. He participated in the NBA Draft Combine in addition to having individual workouts for several NBA teams.
“He’ll improve his 3-point shooting once he gets to that level and then I think he’ll be lethal in what he can do.”
The two-day NBA Draft begins on Wednesday, June 25 with the first round and will be followed by the second round on Thursday, June 26. St. John’s has three other draft eligilbe players in Kadary Richmond, Deivon Smith, and Aaron Scott.
NIL
Texas NIL law allows high school athletes over 17 to sign deals after enrolling in college
Texas high school athletes over 17 years of age can now sign name, image and likeness deals under a new law signed Thursday by Gov. Greg Abbott, but it doesn’t pave the way for them to earn compensation. The legislation aligns the state with the upcoming House v. NCAA settlement that allows colleges to directly […]

Texas high school athletes over 17 years of age can now sign name, image and likeness deals under a new law signed Thursday by Gov. Greg Abbott, but it doesn’t pave the way for them to earn compensation.
The legislation aligns the state with the upcoming House v. NCAA settlement that allows colleges to directly pay athletes.
Before signing name, image and likeness deals, athletes over 17 must first be enrolled in college as the University Interscholastic League (UIL), the high school governing body, still prohibits its student-athletes from profiting on NIL.
“Unless a prospective student athlete younger than 17 years of age is enrolled at an institution of higher education, an individual, corporate entity, or other organization, including an institution to which this section applies, may not enter into an arrangement relating to the athlete’s name, image, or likeness with the athlete or with an individual related to the athlete by consanguinity or affinity,” the law states.
Under UIL governance, Texas is among a handful of states that doesn’t allow NIL benefits for its student-athletes. More than 40 other governing bodies around the country do.
The House v. NCAA settlement is expected to provide $2.6 billion in back payments to college athletes who missed out on NIL from 2016 to when payments were legalized in 2021. Additionally, the settlement allows universities to use revenue for athletes’ NIL from broadcasts of games and other fiscal avenues.
It changes the way NIL money is doled out to college players. Prior, student-athletes could only partner with third-party entities. Now, schools can provide up to $20.5 million for their athletes and be able to use that as a recruiting hook for high school athletes.
NIL
Key Matchups, Pitching Power & Road Challenges
Share Tweet Share Share Email The road to Omaha began last week when 64 teams started their postseason. Now, the field has been cut down to just 16 as we head to the Super Regionals. West Virginia and Arizona are the only two Big 12 teams left. Here are my four things to watch this […]

The road to Omaha began last week when 64 teams started their postseason.
Now, the field has been cut down to just 16 as we head to the Super Regionals. West Virginia and Arizona are the only two Big 12 teams left.
Here are my four things to watch this weekend in the Super Regionals.
West Virginia’s Offense
One thing the Mountaineers have done well this postseason is scoring runs in bunches. They beat Kentucky in a close opening game last week, 4-3, before breaking out offensively in their final two games of the Clemson Regional. They went on to score nine against Clemson before putting up 13 against Kentucky to punch their ticket to Baton Rouge.
West Virginia has five players hitting over the .300 mark: Sam White, Kyle West, Armani Guzman, Jace Rinehart, and Chase Swain. Plus, Skyler King isn’t too far behind, batting .298. They were one of the most consistent hitting teams in the Big 12 this year, and while they may not have the power of an elite team, their entire lineup is capable of getting on base.
Arizona’s Pitching
While Arizona can hit with just about anyone, the one thing I was most impressed with has been their pitching. Going back to the Big 12 Tournament game in Arlington, the Wildcats have given up just nine runs in their last six games, including a shutout win over Cal Poly on Sunday to advance to the Supers.
Bailey Smith and Owen Kramkowski were lights out in their two starts last weekend, and the Wildcats will need more great performances from them against North Carolina. Arizona is a very balanced team, but when their pitching plays like it did in the Eugene Regional, watch out.
LSU and North Carolina’s Defense
The Tigers may not have the offense we are all accustomed to, but their pitching has been elite this year. Kade Anderson and Anthony Eyanson have been money on the mound, and West Virginia’s hot offense will have their work cut out for them this weekend.
Speaking of elite pitching, nobody in the ACC was better than North Carolina on the mound. The Tar Heels’ team ERA this season was 3.39, which was one of the best in the entire country. Jake Knapp has been incredibly consistent all season long, and Jason DeCaro isn’t too far behind.
I can see both series being low-scoring ones due to the pitching talent between everyone in Baton Rouge and Chapel Hill. However, someone is going to have to get some momentum and find a way to score in key spots when it counts.
Hostile Environments
We can talk about players and statistics all we want, but one thing people need to know is that both West Virginia and Arizona will be the road teams. The Mountaineers are going to be walking into a hornet’s nest when they go to Baton Rouge and face the Tigers at Alex Box Stadium. That is one of the toughest environments in all of college baseball. And Boshamer Stadium is no cakewalk either. If either West Virginia or Arizona walk out of those stadiums as winners, then they will have definitely earned their way to Omaha.

NIL
FTM, Ep. 76: SEC-Big Ten revenue, NIL’s impact on softball & more
The Big Ten and SEC are still making waves as the House v. NCAA settlement hits more delays. On this episode of Follow The Money, Dr. R. Bowen Loftin, Jon Heidtke and host Andrew Monaco touch on those topics, the impact of NIL in softball and much more. Subscribe to College Sports: Follow The Money on […]

The Big Ten and SEC are still making waves as the House v. NCAA settlement hits more delays. On this episode of Follow The Money, Dr. R. Bowen Loftin, Jon Heidtke and host Andrew Monaco touch on those topics, the impact of NIL in softball and much more.
Subscribe to College Sports: Follow The Money on YouTube, iTunes, Spotify, Amazon Music, Overcast, TuneIn, RSS
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NIL
UNC reportedly spent absolutely insane amount of NIL money for next season, and it’s still not better than Duke
It’s been reported that head coach Hubert Davis and the North Carolina basketball program spent a pretty astronomical amount of money to build next season’s roster. But even after all of it, the Tar Heels still don’t have a better roster than Duke. According to a report from Inside Carolina, the Heels’ NIL payroll for […]

It’s been reported that head coach Hubert Davis and the North Carolina basketball program spent a pretty astronomical amount of money to build next season’s roster. But even after all of it, the Tar Heels still don’t have a better roster than Duke.
According to a report from Inside Carolina, the Heels’ NIL payroll for next season is $14 million. Davis had said earlier this year, amidst a season that was not going UNC’s way at all, that changes had to be made to the way the Heels build their roster. He wasn’t shy to spend the big bucks in order to bring in as much talent as he could.
However, despite tens of millions of dollars being invested in the roster, UNC still sits at best as a fringe top-20 team heading into next season, according to most networks.
Davis and Jim Tanner, the newly appointed general manager of UNC basketball, are bringing in the No. 8 overall recruiting class per the 247Sports Composite Rankings, headlined by five-star big man Caleb Wilson. On top of that, the Heels added some solid veterans through the transfer portal as well.
UNC reeled in the No. 73 transfer class per the On3 Transfer Portal Industry Rankings. Its top commits via the portal include Henri Veesaar from Arizona (No. 25 overall transfer), Kyan Evans from Colorado State (No. 26 point guard in portal), and Jarin Stevenson from Alabama (No. 25 power forward in portal). It’s a solid group of guys that the Heels are bringing in, but it doesn’t look on paper like the team got that much better, especially when considering a $14 million investment.
On top of that, UNC lost seven of its top eight scorers from last season, most notably RJ Davis, Elliot Cadeau, Ian Jackson, and Drake Powell. Even after all the money spent, Duke still seems to be in much better position than Carolina heading into the 2025-26 campaign.
It was reported that Duke would have at least $8 million in NIL to spend this offseason, and Jon Scheyer worked some magic with what he had.
The Blue Devils are bringing in the No. 1 overall recruiting class, headlined by five-star prospects Cameron Boozer, Dame Sarr, and Nik Khamenia. Scheyer was also able to bring back key contributors from last season, such as Isaian Evans, Maliq Brown, and Caleb Foster.
Duke also originally landed a commitment from star transfer shooting guard Cedric Coward, but he ultimately decided to remain in the 2025 NBA Draft and not return to college basketball.
At ESPN’s most recent top 25 rankings heading into next season, Duke is slotted at No. 12. North Carolina sits at No. 25, barely hanging onto a ranking at all.
Scheyer once again worked his recruiting magic this offseason, and as Davis is desperately looking to bring the Heels back to Final Four contention, he spent some serious NIL money in hopes of getting that done. But as it looks now, the Blue Devils still outplayed UNC this offseason.
NIL
Permitted, prohibited or under consi
Texas just passed a bill for NIL for ages 17 and up, but still hasn’t approved high school athletes to profit. The Lone Star State is one of seven states that still has not approved NIL, but nearly 40 have already passed into law some sort of Name, Image and Likeness guidelines to all high […]

Texas just passed a bill for NIL for ages 17 and up, but still hasn’t approved high school athletes to profit.
The Lone Star State is one of seven states that still has not approved NIL, but nearly 40 have already passed into law some sort of Name, Image and Likeness guidelines to all high school school athletes to profit.
Here’s where all 50 states (and one district) stand on allowing NIL at the high school level, divided into three categories whether it’s permitted, prohibited or under consideration, according to Eccker Sports’ website for tracking states.
Alaska
Arkansas
Arizona
California
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Minnesota
Mississippi
Missouri
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
Tennessee
Utah
Vermont
Virginia
Washington
District of Columbia
Alabama
Hawaii
South Carolina
Texas
West Virginia
Wisconsin
Wyoming
Indiana
Michigan
Montana
Ohio
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