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Ambev Shares Climb Ahead of Q2 Earnings; EBITDA Forecasts Tight
Ambev shares gained 2.5% to R$16.26 ahead of Q2 earnings, with EBITDA estimates in a narrow R$6.50-6.68 billion range. Volume growth in Brazil beer is key.
AtaiBeckley Shares Steady at $7.17 as CVR Valued at 42 Cents in Lilly Deal
AtaiBeckley shares remain flat at $7.17, 42 cents above Eli Lilly's cash offer, with the contingent value rights (CVR) implied at 16.8% of the $2.50 maximum payout.
Salesforce Surges $21 Billion in Value After Landing Major VA Contract
Salesforce shares surged 5.4% to $182.92, boosting market value by $21.4 billion after winning a $1.6 billion VA contract. The deal highlights growing government adoption of its AI and data platforms.
Robinhood Q2 Preview: Profitability Questions Loom Over Event-Contract Growth
Robinhood shares fell 2.6% ahead of Q2 results, with attention turning to event contracts as crypto revenue slumps and profitability concerns mount.
Core Scientific Shares Slide Despite $14 Billion AMD Deal as Dilution Concerns Weigh
Core Scientific shares dropped 2.7% after a $14 billion AI deal with AMD, as dilution concerns from warrants and an undisclosed neocloud tenant overshadowed the headline.
CXMT IPO Turmoil Rattles Global Memory Chip Markets
CXMT's IPO caused sharp swings in memory chip stocks globally, with a constrained public float amplifying volatility. Major players like Micron and SK Hynix saw significant declines.
IKEA Tests Compact Store Model in Cleveland as Digital Sales Grow
IKEA will open an 80,000-square-foot store in Cleveland in spring 2027, significantly smaller than its traditional warehouses, as US e-commerce holds steady at $1.9B and overall sales dip.
S&P Global shares slide 5% as ratings and indices drive 77% of growth post spin-off
S&P Global shares dropped 5% as its ratings and indices businesses drove 77% of pro forma revenue growth, raising questions about diversification.