Tempus AI Upsizes Convertible Debt to $400M, Eyes Loan Repayment
Technology Sarah Chen

Tempus AI Upsizes Convertible Debt to $400M, Eyes Loan Repayment

Tempus AI priced $400M in 0% convertible senior notes, using proceeds to repay $307.7M in loans. Shares fell 7.6% premarket despite strong Q1 revenue growth.

TEM
Iron Mountain Stock Slides 4% as AI Data Center Rally Pauses
Markets Daniel Marsh

Iron Mountain Stock Slides 4% as AI Data Center Rally Pauses

Iron Mountain shares fell nearly 4% Thursday, ending a six-day rally, as the AI-driven data-center play faces renewed scrutiny despite strong Q1 results and a raised outlook.

IBM
Zoetis Shares Tumble After Pet Care Sales Slump, Guidance Cut
Earnings James Calloway

Zoetis Shares Tumble After Pet Care Sales Slump, Guidance Cut

Zoetis lowered its 2026 revenue and profit forecasts after U.S. pet product sales dropped 11% in Q1, missing analyst estimates and sending shares down 21%.

ZTS ELAN
Gasoline Prices to Stay Elevated Despite Potential Iran Deal, Analysts Warn
Commodities Rebecca Torres

Gasoline Prices to Stay Elevated Despite Potential Iran Deal, Analysts Warn

U.S. gasoline prices remain near 2022 highs above $4.54 per gallon as geopolitical tensions near the Strait of Hormuz continue to disrupt oil flows, with analysts forecasting no return to pre-war levels before 2027.

USO UNG GLD
Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes
Earnings James Calloway

Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes

Planet Fitness shares plummeted 31% after the company slashed its 2026 growth targets and paused a planned Black Card price hike due to weak member growth and increased competition.

PLNT
Genmab Shares Slide on Profit Dip Despite Strong Revenue Growth
Earnings James Calloway

Genmab Shares Slide on Profit Dip Despite Strong Revenue Growth

Genmab shares tumbled nearly 10% in Copenhagen after Q1 net profit plunged to $53M, weighed down by Merus deal costs and elevated R&D, despite a 25% revenue surge to $896M.

Coinbase Posts Q1 Loss as Crypto Slowdown Squeezes Revenue
Earnings James Calloway

Coinbase Posts Q1 Loss as Crypto Slowdown Squeezes Revenue

Coinbase swung to a $394.1 million Q1 loss as revenue fell 31%, hit by a crypto trading slowdown and an AWS outage. The exchange also plans to cut 700 jobs.

COIN AMZN
Akamai Stock Surges on $1.8B AI Cloud Deal
Earnings James Calloway

Akamai Stock Surges on $1.8B AI Cloud Deal

Akamai shares surged 26% premarket after announcing a $1.8B, seven-year AI cloud deal, its largest ever, signaling strong traction in AI infrastructure.

AKAM
T. Rowe Price Maintains 5% Yield Amid Q1 Outflows
Analysis Daniel Marsh

T. Rowe Price Maintains 5% Yield Amid Q1 Outflows

T. Rowe Price declares a $1.30 quarterly dividend, maintaining a 5% yield, despite $13.7B in Q1 net outflows and a drop in AUM to $1.71 trillion.

TROW
Nasdaq Futures Advance Ahead of April Jobs Data Amid Iran Tensions
Markets Daniel Marsh

Nasdaq Futures Advance Ahead of April Jobs Data Amid Iran Tensions

Nasdaq 100 futures rise 0.67% early Friday, leading U.S. stock gains as traders focus on the April jobs report amid renewed U.S.-Iran tensions.

AKAM BILL NET
Block Raises 2026 Gross Profit Outlook to $12.33B on Cash App Strength
Earnings James Calloway

Block Raises 2026 Gross Profit Outlook to $12.33B on Cash App Strength

Block Inc raised its 2026 gross profit target to $12.33 billion after strong Q1 growth from Cash App and Square. Shares rose 7.7% after hours despite a $308.7 million net loss and $240 million DOJ-related accrual.

SQ
HubSpot Shares Slide Despite Q1 Beat as AI Pricing Shift Extends Sales Cycles
Earnings James Calloway

HubSpot Shares Slide Despite Q1 Beat as AI Pricing Shift Extends Sales Cycles

HubSpot beat Q1 estimates but shares dropped 11.9% as AI pricing shifts lengthen sales cycles. Revenue rose 23% to $881M, but Q2 outlook disappointed.

HUBS