PGIM: 2026 Technology Internship Program

AstraZeneca's Tezspire delivers positive Phase III results, Prudential increases share buyback programme. LONDON PRE-OPEN The FTSE 100 was expected to open 46.9 points lower ahead of the bell on Thursday, after wrapping up the previous session 0.07% softer at 10,878.12. STOCKS TO WATCH Drugmaker AstraZeneca said on Thursday that Tezspire had delivered positive Phase III results in eosinophilic oesophagitis, hitting both co-primary endpoints and all key secondary measures, with improvements sustained through 52 weeks. The CROSSING study showed Tezspire produced "statistically significant and clinically meaningful" gains in histologic remission and in the frequency and severity of dysphagia. AstraZeneca added that the safety profile was broadly in line with existing indications. Prudential raised its share buyback programme on Thursday after reporting strong first-half results, which showed adjusted operating pre-tax profits at the insurance and asset management company were up 10% at $1.52bn. Prudential added $300m to its planned share repurchases, taking its total buyback plan for the year to $1.5bn, while its interim dividend was also increased by 15%. NEWSPAPER ROUND-UP Levels of a toxic "forever chemical" rose to 13 times the legal limit during Thames Water pilots for a controversial multimillion pound water recycling scheme that will pump millions of litres of treated sewage into the River Thames during drought. The data from the pilots is in stark contrast to public comments from Thames Water that their water recycling project in south-west London will not harm the riverine environment. - Guardian Former JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the House oversight committee on Wednesday. These admissions come as lawmakers investigate the late convicted sex offender's ties with political and business elites. Staley appeared before the committee in July as part of its investigation into Epstein and his associate Ghislaine Maxwell. Transcripts from the meeting were released on Wednesday. - Guardian Octopus's inheritance tax scheme has been ditched by a string of leading wealth managers amid growing scrutiny over the fund's performance. St James's Place, Fairstone Group and Openwork Partnership, which advise millions of customers, have all stopped recommending the Octopus Inheritance Tax Service. OITS, a subsidiary of Octopus Group, has raised money from 18,000 pensioners with the promise of lowering their inheritance tax bills by investing in businesses to qualify for relief. - Telegraph The boss of a collapsed British shadow bank accused of £1.3bn fraud had been declared bankrupt shortly before he launched the company, it has emerged. Paresh Raja, who led mortgage lender Market Financial Solutions, was made bankrupt over a £350,000 debt just a year before the business started. He has been accused of "plundering" MFS to fund a lavish lifestyle that included buying "a vast number of cars" such as three Aston Martins, two Mercedes, six Ferraris and three Rolls-Royces. - Telegraph One of Australia's biggest investment companies has dropped KPMG as its new auditor as the firm faces "continued scrutiny" by the country's parliament. Macquarie Group said it would no longer recommend the appointment of KPMG Australia as its auditor at its annual shareholder meeting, and would instead maintain PwC in the role. The audit generates almost AUD $75m (£40m) a year in fees and is one of the most lucrative in Australia. - The Times Major indices closed lower on Wednesday as traders digested key US inflation data and Nvidia's latest quarterly numbers. At the close, the Dow Jones Industrial Average was down 0.21% at 53,463.88, while the S&P 500 shed 0.02% to 7,675.70 and the Nasdaq Composite saw out the session 0.08% softer at 26,130.20. Reporting by Iain Gilbert at Sharecast.com

Greystar offloads Elan Yorktown apartments for $99M as adjacent mall faces foreclosure. Venture of RPM Living and New York Life still confident in market fundamentals Not long after a suburban Chicago mall makeover hit stumbling blocks, Greystar offloaded a nearby apartment complex for $99 million. Charleston, South Carolina-based Greystar sold the 295-unit Elan Yorktown in Lombard to a venture of RPM Living and New York Life in a deal that closed last week and comes out to about $335,000 per unit, records show. The venture's purchase was supported by a $63.4 million mortgage from JPMorgan, mortgage records show. Greystar developed the property between 2017 and 2018 after spending about $1.6 million on the initial land acquisition and taking out a $56.5 million loan from CIBC. It's unclear what the company's total investment in the development was but the company last refinanced the property for $68 million with Acre. Representatives of RPM did not respond to requests for comment and representatives of Greystar declined to comment. The apartment building is next to the Yorktown Center Mall which is at the center of a $200 million redevelopment effort led by Los Angeles-based Pacific Retail Capital Partners. But Pacific Retail last month defaulted on a $107 million debt package secured by the mall after failing to repay the loan at its June 2026 maturity date. The default came just after Pacific Retail completed the first phase of the $200 million redevelopment plan. That phase included the addition of a public plaza and park, along with a separate 276-apartment building known as Reserve at Yorktown developed by project partner, Synergy Construction. The shopping mall's valuation has cratered since the loan was originated in 2014. An October 2024 appraisal valued the 787,000-square-foot mall at $60.4 million. That's a 75 percent decline from its $242.7 million valuation when CCRE Lending, a venture backed by U.S. Commerce Secretary Howard Lutnick's firm Cantor Fitzgerald, first made the loan in 2014. Cash flow began to unravel following the closures of Sports Authority in 2016 and Carson's in 2018, and then had its issues exacerbated by state-ordered retail shutdowns during the pandemic in 2020. KeyBank granted multiple maturity extensions over the past eight years, including a modification in August 2025 that pushed the loan's final deadline to June 2026. Still, multifamily properties have been outperforming other types of properties surrounding the mall. Torchlight Investors' Cityview at Highlands apartment complex hit a rough patch when interest rates started to rise in 2022, but has since stabilized, MorningStar data shows. Also nearby, MorningStar notes that the Haven at Highland owned by New York-based Churchwick Partners, boasted a strong performance with 94 percent occupancy as of last year and a debt-coverage-service-ratio over 1.5, meaning that the properties' net operating income is 150 percent higher than its debt service costs. Meanwhile, an adjacent office complex faced a drop-off in demand after the pandemic. In May, Bruce Stern's Red River Asset Management and Lincoln Property Company were hit with a foreclosure lawsuit over their 174,000-square-foot office building at 701 East 22nd Street after defaulting on a $15.2 million loan. RPM and New York Life are likely playing the long game as the Chicago suburbs' multifamily market continues to take off. Total multifamily sales volume in the suburbs increased by more than 67 percent year over year in the second quarter of 2026, a recent report from local brokerage Interra Realty found. RPM has been an active buyer in and around Chicago. In March, the firm bought the 294-unit Orland Ridge build-to-rent community in Orland Park for $102 million. And in July, RPM bought the SoNo East Apartments for $125.2 million in Lincoln Park from the New Jersey-based asset-management arm of Prudential Financial.

Prudential Financial, Inc. to participate in 2026 Barclays Global Financial Services Conference; live webcast available. NEWARK, N.J.-(BUSINESS WIRE)-Prudential Financial, Inc. (NYSE: PRU) will participate in the 2026 Barclays Global Financial Services Conference on Wednesday, Sept. 16, 2026. On that day at approximately 9:45 a.m. ET, Yanela Frias, CFO, will participate in an analyst-led fireside chat. Interested parties may listen to the presentation through a live audio webcast on the Company's Investor Relations website at investor.prudential.com. Please log on at least 15 minutes early to register, download, and install any necessary software. A replay will be available on the Investor Relations website through Sept. 30, 2026. Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of June 30, 2026, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for over 150 years. For more information, please visit news.prudential.com.