FT : Early cancer clues found in multiple blood protein changes

Early cancer clues found in multiple blood protein changes
Advances in monitoring could flag risks of diseases years before diagnosis

Scientists have built a potential early warning system to flag the risk of diseases such as cancers by monitoring the levels of thousands of blood proteins.

An international team of more than 100 researchers found an apparent biological marker for lung cancer years before diagnosis, a striking result they said now needed to be tested to see if it would be clinically useful.

The central idea of the project, known as the Human Disease Blood Atlas, is to gather comprehensive data to detect patterns of multiple protein changes that indicate specific diseases. The researchers argue this should help overcome the problem that variations in levels of an individual protein can indicate many different medical conditions, limiting their usefulness in diagnosis.

“We can separate universal ‘alarm bells’ . . . from truly disease specific signals, which is a crucial step for building blood tests that work in the clinic,” said Professor Mathias Uhlén, senior author of a paper on the work published in the journal Science on Thursday.

The project shows advances in blood analysis methods since the scandal of testing company Theranos during the 2010s. In 2022, Theranos founder Elizabeth Holmes was sentenced to more than 11 years in prison for defrauding investors, after falsely claiming to be able to perform many sophisticated diagnostic tests using a single drop of blood.

Using artificial intelligence models, the team scanned for 59 diseases by monitoring levels of up to 5,400 proteins in more than 8,000 people, according to the paper. It draws on the Human Protein Atlas, a Sweden-based programme directed by Uhlén that was launched in 2003 to map all human proteins in cells, tissues and organs using various state-of-the-art technologies.

Each adult has a distinctive stable blood protein baseline that is a molecular fingerprint for wellness and can be tracked for deviations, the researchers said.

The scientists found some protein profiles showed much raised levels in individuals found to have breast, ovarian, prostate, bowel and lung cancers. For lung cancer, the elevated readings could be seen several years before diagnosis.

The human blood atlas research was a “significant leap forward in our ability to predict disease risks using blood proteins”, said Lei Lu, lecturer in health data science and artificial intelligence at King’s College London, who was not involved in the research.

“This powerful approach allows us to see a comprehensive picture for the first time, distinguishing between protein patterns that are truly specific to a condition, such as a certain type of cancer, and those that are shared across many diseases,” Lu said. “This dramatically improves the potential accuracy and reliability of future risk prediction models.”

The atlas reflects progress in proteomics — the study of the proteins that are the building blocks of life — enhanced by artificial intelligence models. The UK Biobank genetic database and 14 drug companies this year launched a big proteomics project to identify disease subtypes more precisely, allowing treatments to be tailored and timed for maximum effectiveness. 

Proteomics is allowing scientists to move beyond existing methods of analysing genes to examining the proteins whose production the genes instruct. This gives a more sophisticated and dynamic view of how the human body works and can malfunction, experts say.

“Unlike genomes which are static, proteomes are constantly changing so can help to flag changes within the body due to ill health,” said Hayley Wilson, a biomedical science policy analyst at the PHG Foundation not-for-profit think-tank. “The atlas will help us to understand how and when to intervene at an early stage of disease — and who could most benefit for a given disease.”

>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • AZZ -7%, HELE -4.1%, BSET -3.9%, TSM -0.5% (Sep revs)
Other news:
  • RACE -14.1% (provides strategic plan at its Capital Markets Day)
  • APGE -6.4% (prices $300 million offering consisting of common stock and warrants)
  • HSBC -5% (proposes to privatize Hang Seng Bank by scheme of arrangement)
  • CHDN -2.2% (Everi announces 7-year agreement with CHDN)
  • HYMC -2.2% (common stock offering)
  • VUZI -1.7% (stock offering by selling shareholders)
  • CTEV -1.6% (strategic relationship with iO health)
  • ZBIO -1.4% (mixed securities shelf offering; also enters open market sales agreement up to $200 mln common stock)
  • NVO -1.4% (Akero Therapeutics to be acquired by Novo Nordisk (NVO) for up to $5.2 bln; Shareholders to receive $54 per share in cash and CVR of $6 per share)

>>> US Gapping up

Gapping up
In reaction to earnings/guidance
:
  • RELL +19.9%, TLRY +11%, NEOG +6.4%, RGP +6.3%, DAL +5.4%, IMOS +0.7% (Sep revs), ASX +0.6% (Sep revs), PEP +0.3% (also new CFO)
Other news:
  • AKRO +19.1% (Akero Therapeutics to be acquired by Novo Nordisk (NVO) for up to $5.2 bln; Shareholders to receive $54 per share in cash and CVR of $6 per share)
  • LAC +4.2% (entered into $250 mln Equity Distribution Agreement on Oct 8)
  • NGNE +3.1% (regulatory update for NGN-401)
  • BMA +2.7% (authorizes share buyback program)
  • LTM +2.5% (Sep traffic)
  • NEOV +1.9% (acquires Neubau Energy)
  • CNS +1.5% (reports preliminary AUM for September)
  • ANGX +1.5% (partners with 2521 Entertainment to acquire DAVID franchise)
  • BKD +1.4% (reports September occupancy)
  • COST +1.3% (reports September comps)
  • DBI +1.1% (CFO to resign)
  • FDS +0.9% (disclosure of insider purchase by CFO)

WSJ : Uniqlo Owner Projects Stronger Earnings Despite U.S. Tariff Impact

Uniqlo Owner Projects Stronger Earnings Despite U.S. Tariff Impact
The owner of Uniqlo and other clothing brands projected earnings growth in various international markets

  • Fast Retailing expects earnings to rise despite U.S. tariffs, after exceeding previous fiscal year profit estimates.
  • The company’s net profit rose 16% to 433.01 billion yen, with revenue growing 9.6% to 3.401 trillion yen.
  • Fast Retailing plans to open two dozen new stores globally, focusing on Uniqlo overseas, to reach 3,594 stores.

Fast Retailing 9983 3.38%increase; green up pointing triangle said it expects earnings to rise despite the impact of U.S. tariffs, after profit for the previous fiscal year topped consensus estimates.

The Japanese owner of Uniqlo and other clothing brands on Thursday projected earnings growth in various international markets, including North America, a sign that its diversification efforts are paying off.

The U.S. has become an increasingly important region for Fast Retailing as it chases growth outside Japan and China, its biggest markets. The retailer has been adding more Uniqlo stores in the U.S. and Southeast Asia in recent quarters while reducing the number of stores in China, where consumer demand has been weak.

To offset the impact of U.S. tariffs, the company plans to strengthen its branding, cut costs and revise prices for some products in North America, it said. Uniqlo clothes are mostly made in countries such as China, Vietnam, Bangladesh, Indonesia and India.

Uniqlo’s North American business accounted for 8.0% of the company’s total revenue in the latest fiscal year, compared with 30% for Japan and 19% for the markets of China, Hong Kong and Taiwan.

Fast Retailing said it aims to grow its global store count by two dozen to 3,594 this fiscal year, primarily by opening Uniqlo stores overseas. It plans to open flagship-level stores in cities like Chicago, San Francisco, Osaka, Hong Kong, Frankfurt and Warsaw.

For the year ended August, Uniqlo improved its earnings in many regions, though profit declined in China due to weaker consumer sentiment. It had successful store openings in Texas, California and Europe.

Fast Retailing’s fiscal-year net profit rose 16% to 433.01 billion yen, equivalent to $2.84 billion. That beat the estimate of ¥410.9 billion in a poll of analysts by data provider Visible Alpha.

Annual revenue grew 9.6% to ¥3.401 trillion, with operating profit margin improving to 16.6% from 16.1% the previous year.

For the current fiscal year, which began in September, it projected revenue to increase 10% to ¥3.750 trillion, operating profit to climb 8.1% to ¥610.00 billion and net profit to rise 0.5% to ¥435.00 billion.

The stock has fallen about 10% so far in 2025, weighed by concerns about the impact of U.S. tariffs. Shares rose 3.4% ahead of the results on Thursday, outperforming the benchmark Nikkei Stock Average’s 1.8% increase.

>>> Europe : Brokers Upgrades & Downgrades - 9th of October 2025 V2(+)

>>> Up
* ABB PT Raised from 54 to 56 CHF at Goldman
* Acceleron PT Raised from 52 to 59 CHF at Goldman
* AIB Group PT Raised to 8.90 euros from 7.96 euros at Goodbody (+)
* Aker BP Raised to Hold at Norne Securities; PT 270 kroner
* B&M European Raised to Buy at Shore Capital; PT 300 pence (+)
* Burberry Raised to Buy at Deutsche Bank; PT 1,500 pence (+)
* EDP Renovaveis Raised to Buy at Jefferies; PT 15.60 euros (+)
* HelloFresh Raised to Buy at UBS; PT 10.80 euros
* LVMH Raised to Buy at Deutsche Bank; PT 635 euros (+)
* Norsk Hydro Raised to Buy at SEB Equities; PT 78 kroner
* Rockwool Raised to Overweight at Barclays; PT 300 kroner
* S&U Raised to Buy at Peel Hunt; PT 2,000 pence (+)
* SGS Raised to Neutral at Goldman; PT 85 Swiss francs (+)
* Stolt-Nielsen Raised to Buy at Norne Securities; PT 375 kroner (+)
* UBS PT Raised from 39.50 to 40 CHF at Goldman
* VAT Group PT Raised from 308 to 392 CHF at Goldman

>>> Down
* Aryzta Cut to Reduce at Kepler Cheuvreux; PT 50 Swiss francs (+)
* Equinor Cut to Sell at DZ Bank; PT 230 kroner (+)
* Givaudan Cut to Neutral at JPMorgan; PT 4,000 Swiss francs
* Glencore Cut to Neutral at JPMorgan; PT 400 pence
* Kingspan Cut to Underweight at Barclays; PT 70 euros
* Puig Cut to Underweight at JPMorgan; PT 12.50 euros
* SIKA PT cut from 186 to 183 CHF at JPM
* Teck Resources Cut to Hold at Canaccord; PT C$63
* Traton Cut to Hold at SEB Equities; PT 29.62 euros

>>> Initiation
* Emmi Rated New Outperform at Oddo BHF; PT 930 Swiss francs
* Envipco Rated New Buy at Stifel; PT 8.50 euros
* Evercore Rated New Buy at Deutsche Bank; PT $400
* Kontron Rated New Buy at Bankhaus Metzler; PT 32.50 euros (+)
* Moelis & Co Rated New Buy at Deutsche Bank; PT $80
* Siemens Energy Rated New Outperform at RBC; PT 130 euros (+)

>>> Call