Notes

A news scan found the headline 'DirectHTTP200 Sep8~13:53UTC' which is a type of computer message, it said that on September 8 at 13:53 UTC, there was an agency notice dated September 7 that went into effect on September 8. This notice is about a surtax, which is a type of extra tax, and it will be 15, 25, or 50 percent on certain goods that come from the United States. The surtax applies to goods that meet certain conditions, including where they come from and how they are classified, as well as goods that are already on their way to Canada, which is called in-transit, and goods that are listed in Chapters 98 and 99. There are also conditions for relief and drawback, which are ways to get back some of the tax paid. This surtax is part of Canada's import administration, which is how Canada manages goods coming into the country, and it is not related to a US restriction on Bombardier sales. The exact classification of jets and parts is still not settled. https://www.cbsa-asfc.gc.ca/publications/cn-ad/cn26-23-eng.html

A news scan found the statement dated September 7, 20:43 Eastern Time, which is the same as September 8, 00:43 Coordinated Universal Time. This statement was fetched directly and is from the original issuer, but it does not come from an independent source to confirm the information. The statement says that approximately 2800 American companies across 47 states have over 2.5 billion in annual supplier spend, but it does not specify the currency. These companies include Red Oak in Texas, which makes wings, and a company in Los Angeles that makes flight-control components. The statement also talks about the importance of having a connected supply chain, but it says this has not led to more profit for General Dynamics, or GD for short, which is a company that makes things like airplanes and other military equipment. https://www.globenewswire.com/news-release/2026/09/08/3357281/0/en/bombardier-statement.html

A news scan found the headline is not available, but a data line shows a post-open IEX quote for GD at 13:51 on September 8, 2026. The collected data includes a bid of 338.2, an ask of 360.59, a bid size of 40, and an ask size of 40. The quote was recorded at 13:51:13.910268648Z, with the last trade at 357.9 occurring at 13:47:51.329450462Z. The previous IEX close was 359.4. The spread is 640.82 basis points, which is a measure of the difference between the bid and ask prices, with basis points being a unit of measurement, equal to 0.01 percent. The last change percentage is -0.4173622704507496 percent. This data is from a single exchange and does not represent the National Best Bid and Offer, or NBBO, which is the best available bid and ask prices across all exchanges. The caveat notes that this is an intraday partial bar that has not been completed and is not a daily signal, and that fresh timestamps supersede pre-open stale quote findings, with no strategy qualification. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows information about the stock BWEN. The data was collected at 13:51 on September 8, 2026. The bid price was 4.13 and the ask price was 4.19. The bid size was 100 and the ask size was 100. The quote was from 13:51 on September 8, 2026. The last trade was at 4.19, which happened at 13:44 on September 8, 2026. The previous close on the IEX exchange was 4.13. The spread, which is the difference between the bid and ask prices, was 144.23 basis points, a basis point being one hundredth of a percent. The last change was an increase of 1.45 percent. This information is from a single exchange and may not reflect the best available price, and the daily signal is not complete because the trading day is not over yet. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows a post-open IEX quote for MATX on September 8 at 13:51. The quote had a bid of 224.69 and an ask of 227.4, with a bid size of 100 and an ask size of 100. The last trade was at 225.36, which occurred at 13:45 on the same day. The previous IEX close was 226.365. The spread was 119.88763299343086 basis points, which is a measure of the difference between the bid and ask prices, with basis points being a unit of measurement, and the last change was a decrease of 0.4439732290769327 percent. This information is from a single exchange and may not reflect the best available price, also known as the National Best Bid and Offer, or NBBO. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line was found with the following information: the collected data is from September 8, 2026, at 13:51:38Z. The bid price for FRO is 46.67 and the ask price is 46.92. The bid size is 100 and the ask size is 200. The quote was given at 13:51:36.909681004Z on September 8, 2026. The last trade was at 46.67 at 13:50:52.788897102Z on September 8, 2026. The previous IEX close was 46.15. The spread is 53.42451116572283 basis points, which is a measure of the difference between the bid and ask prices, with basis points being a unit of measurement, in this case, one hundredth of a percent. The last change percentage is 1.1267605633802802 percent. There is a caveat that this data is from a single exchange, not the National Best Bid and Offer, which is the best available price to buy or sell a security, and it is not a completed daily signal, and the timestamps are current, superseding any pre-open stale quote findings, and no strategy qualification was made. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows information about the stock ticker STNG. The data was collected at 13:51 on September 8, 2026. The bid price was 69.35 and the ask price was 93.94. The bid size was 100 and the ask size was 100. The quote was from 13:50:53 on the same day. The last trade was at 82.16 at 13:50:43. The previous close on the IEX exchange was 82.345. The spread in basis points, which is a measure of the difference between the bid and ask prices, was 3011.819462306327. The last change in percentage was -0.22466452122169578. This information is from a single exchange and does not represent the National Best Bid and Offer, or NBBO, which is the best available price to buy or sell a stock across all exchanges. The data is also from an intraday partial bar that is not a completed daily signal, and the timestamps are current, superseding any pre-open stale quote findings, with no strategy qualification. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline 'ASPI Sep8 13:51 post-open IEX quote and same-feed reaction'. The collected data shows the bid price is 4.32 and the ask price is 4.33 for ASPI at 13:51 on September 8, 2026. The bid size is 400 and the ask size is 500. The last trade was at 4.32. The previous IEX close was 4.195. The spread is 23.1213872832365 basis points, which is a unit of measurement, one hundredth of a percent. The last change percentage is 2.979737783075098 percent. This data is from a single exchange and does not represent the National Best Bid and Offer, or the price at which a trade is filled. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the following backtest results: Prior to the 749th test, the fund held BWEN with a 41.566941% loss, a 48.55146% drawdown, 12 trades, a 25% profit percentage, an average win of 8.465371%, and an average loss of 8.003927%. The quarter Kelly criterion was 0. Prior to the 999th test, the fund held GD with a 7.443408% loss, a 9.512348% drawdown, 7 trades, a 14.285714% profit percentage, an average win of 2.291178%, and an average loss of 1.650532%. The quarter Kelly criterion was 0. Prior to the 1144th test, the fund held MATX with a 1.161712% loss, a 10.785% drawdown, 13 trades, a 46.153846% profit percentage, an average win of 3.488118%, and an average loss of 3.056249%. The quarter Kelly criterion was 0. Prior to the 456th test, the fund held FRO with a 20.242565% gain, a 24.419466% drawdown, 41 trades, a 41.463415% profit percentage, an average win of 5.462704%, and an average loss of 2.963577%. The point quarter Kelly criterion was 2.426669%, but the mean 95% confidence interval was between -0.874362% and 1.958541%, which includes zero, so the executable qualification failed, resulting in an allocation of 0. There will be no rerun, retune, new strategy, or fresh out-of-sample claim. https://runway.adityaperswal.workers.dev/data/stock-bars

On September 8, a query of trades was made on the full supply ledger. This included a FRO entry at 44.49 and exit at 46.182917 with a quantity of 2.584625758, and a STNG with a range of 79.76 to 80.36 and a quantity of 1.00288365. The returns were calculated using Numpy, which showed a return of 3.805162958 percent and a mean win of 2.278709864 percent. There were two operator liquidations, but no stop or target exits were observed, and the loss sample was zero. A Wilson 95 percent win interval was calculated to be between 34.2380 and 100 percent, but this is not a valid illustration because the exits were discretionary and correlated. The gross profit and loss before costs was 4.977287074, but this edge is not repeatable. Slippage, which is the difference between the expected and actual price of a trade, cannot be estimated without decision quotes. The Kelly criterion, which is a formula used to determine the optimal size of a trade, is undefined in this case, with a size of zero. https://runway.adityaperswal.workers.dev

A news scan found the following data line: the symbol is STNG, the close price is 82.345, the last trade date is September 4, 2026, the last trade price is 82.345, the last trade time is September 4, 2026, 19:59:35, the bid price is 69.04, the ask price is 93.47, the bid size is 100, the ask size is 100, the quote time is September 4, 2026, 20:00:00, and it is not live eligible. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows a snapshot of MATX stock on the IEX exchange. The symbol is MATX, it closed at 226.365 on September 4, 2026, and the last trade was at 226.365 at 19:54:57 on September 4, 2026. The bid price is 167.7 with a bid size of 100, and the ask price is 0 with an ask size of 0, quoted at 20:00:02 on September 4, 2026. This data is not executable and remains the same as of September 8 pre-open, with live eligibility set to false. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows a snapshot of General Dynamics, symbol GD, as of September 4, with a close of 359.4, and a last trade at 359.4 at 7:59 PM. The bid was 341.52 with a bid size of 40, and the ask was not available, as of 8:00 PM. This data is from September 4 and remains the same on September 8, but it is not executable. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available but a data line shows a snapshot of FRO as of September 8 pre-open remains the same as September 4. The details are: symbol FRO, close price 46.15, last trade price 46.15 at 19:59:50.510020154Z on September 4, bid price 39.34, ask price 53.58, bid size 100, ask size 100, quote time 20:00:00.226551654Z on September 4, and it is not live eligible, meaning it is not currently executable. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline is not available, but a data line shows a snapshot of BWEN stock on the IEX exchange. The symbol is BWEN, it closed at 4.13 on September 4, 2026, and the last trade was at 4.13 at 19:59:05 on September 4, 2026. The bid price is 3.48 with a bid size of 100, and there is no ask price with an ask size of 0, as of 20:00:02 on September 4, 2026. This quote is not live and eligible for trading as of September 8 pre-open. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

A news scan found the headline that the pre-open IEX snapshot for ASPI on September 8 remains the same as September 4 and is not executable. The details are: symbol ASPI, close price 4.195, last trade price 4.195 on September 4 at 19:59:55, bid price 3.66, ask price 4.25, bid size 100, ask size 100, quote time September 4 at 20:00:01, and live eligible is false. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=iex

On September 8, the live query trades report showed only two closed operator liquidations, with no open, pending, or closing trades. The supply cash was $278.67 and the equity was $850.99, based on the run context, with a capital of $212.7475 and a risk of $8.5099. There were 69 out of 74 monitors due, with 43 out of 58 armed as of 16:30 UTC. There were 5 active jobs: job 12, job 18, job 36, job 73, and job 79, with 26, 26, 27, 24, and 26 runs at the initial read, respectively. Job 79 was last completed at 10:30, with 8 panels completed, but there was a challenge with Bombardier. Job 73 was last completed at 02:16, with only an 8K report. Job 36 is scheduled to run next at 13:01. There were no holdings to review for the target, horizon, or risk assessment. https://runway.adityaperswal.workers.dev

A news scan found the message: On September 8 at 12:33 UTC, a request for six symbols, BWEN, GD, MATX, FRO, STNG, and ASPI, was returned with a 403 error, meaning the subscription does not permit querying recent SIP data, which is a system that provides real-time market data, and historical SIP access from prior research does not imply live entitlement. https://runway.adityaperswal.workers.dev/data/stock-snapshots?feed=sip

A news scan found the headline 'Displayed issuer release index returned no September match at 12:32 UTC'. This means that at 12:32 UTC, a search for certain information about companies did not find any matches for September. This does not necessarily mean that there were no shipments or materials released early. The Monitor43 system will continue to run until 16:30 UTC. The next job, job36, is scheduled to run at 13:01 UTC, and then again at 13:50 UTC. The system also experienced coverage failures with AirLiquide and MOFCOM, which resulted in a timeout being retained, specifically with the code 403. https://ir.aspisotopes.com/news-events/press-releases

On August 26, the government schedule stated that the effective date for the new rates is September 8 at 00:01, which will cover US imports worth 27.6 billion Canadian dollars, with rates of 15, 25, and 50, and includes an exception for in-transit goods. A web text search of 880 items returned no results, but this is not a complete customs classification opinion. According to this information, Canada's import schedule does not support a ban on US sales of Bombardier products. https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html

A news scan found the notice from the Canada Border Services Agency, or CBSA, on September 7, which is notice 26-23, and it became effective on September 8. This notice says that 15, 25, and 50 percent of the value of certain US-origin goods will be subject to duty. There is an exception for goods that were already on their way to Canada and were under the control of a carrier when the notice was issued, as long as there is proof. Goods listed in chapters 98 and 99 are exempt, except for those listed in Schedule 4. Some exceptions for drawback, relief, and import-for-reexport are also eligible. On September 8, direct requests over the internet, or HTTP, were successful, with a status code of 200, after the website initially failed to open. These exceptions prevent suppliers from automatically passing on costs, and no special rules for importing aircraft or prohibiting US sales were established. https://www.cbsa-asfc.gc.ca/publications/cn-ad/cn26-23-eng.html

A news scan found the headline 'GD Bombardier issuer statement recovered through syndication'. On September 7 at 20:43 ET, the issuer of GlobeNewswire made a statement that was syndicated by Stockwatch and read on September 8. The statement said that there are approximately 2800 American supply-chain companies across 47 states, with an annual supplier spend of over $2.5 billion. The company has a direct employment presence in more than 20 states, including Red Oak, Texas, where they make wings, and Los Angeles, where they make flight controls. This information comes from the issuer, which has a commercial interest in the matter, and does not include any new information about deliveries or cancellations, or any binding US instrument. Other copies of the statement, such as those from AP, are from the same source and do not provide independent confirmation. https://wwww.stockwatch.com/News/Item/Z-C!BBD-3861033/C/BBD

On July 9, a proclamation was signed that directs negotiations and an update within 180 days, with no immediate recommendation for 232 tariffs. This was rechecked on September 8. A new search for presidential actions found no implementation of a sales prohibition for Bombardier, but this search result does not necessarily mean that no such prohibition exists under the law, a concept known as a legal absence. https://www.whitehouse.gov/presidential-actions/2026/07/adjusting-imports-of-commercial-aircraft-jet-engines-and-aircraft-and-engine-parts-into-the-united-states/

A news scan found the headline is not available, but an issuer filing for BWEN on August 11 for the period ending June 30 expects the lease to end on September 5. From May 1 to June 30, the company had net cash inflows of USD 3.116 million from continuing involvement, a sale loss of USD 0.224 million, and a charge of USD 1.106 million related to a former Heavy Fabrications contract dispute. Cash from earlier periods cannot be used to determine the company's residual liabilities in September or ensure a clean exit. The filing document is 126,399 characters long, but only the first 60,000 characters are available, and only excerpts from note 4 are relevant, which do not imply that the full filing has been read. https://www.sec.gov/Archives/edgar/data/1120370/000143774926027061/bwen20260630_10q.htm