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GrowHub Shares Surge 541% on EnChem Reverse Merger Filing
GrowHub shares surged 541% to $2.23 after a June 1 SEC filing revealed a binding reverse-merger term sheet with EnChem America, giving EnChem holders 85% of the combined company and a minimum $400 million valuation.
Virgin Galactic Surges on RichRich Stake and Delta Update
Virgin Galactic shares surged nearly 28% after RichRich Capital disclosed a 5.26% stake and management reaffirmed Q3 flight tests and Q4 commercial launches.
FedEx Freight Debuts as Independent LTL Carrier on NYSE
FedEx Freight started trading on the NYSE as FDXF after its spin-off from FedEx, with $8.9 billion in fiscal 2025 revenue. The company targets 4-6% annual growth but faces execution risks.
Diller's $18B MGM Bid Reshapes Las Vegas Casino Landscape
Barry Diller's People Incorporated offers $48.30 per share for MGM Resorts, a bid that could take the Las Vegas giant private and value it at over $18 billion.
Fluence Energy Jumps 31% as Siemens and Nvidia Unveil AI Data Center Power Blueprint
Fluence Energy shares surged 31% after Siemens and Nvidia unveiled an AI data center power plan featuring Fluence's battery storage in a 136-MW design, building on a record $5.6B backlog.
Namib Minerals Jumps 40% Premarket as Redwing Restart Hopes Mount
Namib Minerals stock climbed 39.5% premarket to $2.12, fueled by progress at its Redwing mine in Zimbabwe, with no new corporate news since May.
London Stocks Dip as Oil Surge on Middle East Tensions Overshadows EasyJet Bid Interest
London stocks slipped Monday as rising oil prices due to Middle East tensions offset takeover interest in EasyJet. The FTSE 100 fell 0.2%, while Brent crude surged above $93, stoking inflation concerns.
IREN Secures $3.65B GPU Financing for Microsoft AI Deal
IREN shares slipped 0.7% premarket to $63.54 after securing $3.65B in GPU-backed debt to fund its Microsoft AI contract, aiming for $4.4B ARR.
Berkshire's First Major Deal Under Abel: Taylor Morrison Acquisition
Berkshire Hathaway will acquire Taylor Morrison for $72.50 per share, a 24% premium, valuing the builder at $8.5 billion. Shares jumped 22% premarket.
France Secures €93 Billion in AI and Industrial Investment at Choose France Summit
SoftBank leads €93 billion in corporate pledges at the Choose France summit, with plans for major AI data centres in northern France, as the country positions itself as a European AI hub.
HPE Shares Rise on AI Server Demand Ahead of Q2 Earnings Report
HPE shares surged 5.1% premarket to $45.27 ahead of fiscal Q2 earnings, fueled by AI server demand and a new Nvidia Vera-based ProLiant server. Investors focus on backlog and guidance.