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Lululemon CEO O'Neill Aims to Counter Skepticism as Proxy Fight Intensifies
Lululemon shares slipped 1.6% as incoming CEO Heidi O'Neill dismissed underestimation claims, while founder Chip Wilson escalates a proxy fight for board seats ahead of the June meeting.
Ballard Power Surges as Weichai Stake Reduction Triggers Board Resignations
Ballard Power Systems shares jumped 8.5% after Weichai reduced its stake below 15%, triggering board changes. Q1 revenue rose 26% to $19.4 million.
Atlassian Shares Surge on AI Optimism After Figma's Bullish Forecast
Atlassian shares rose 7% Friday, buoyed by renewed AI optimism in software after Figma raised its revenue forecast, highlighting the potential for AI to drive expansion.
P3 Health Partners Soars 200% After First Profit, Lifts 2026 Forecast
P3 Health Partners shares surged over 200% to $13 after posting its first quarterly profit and raising its 2026 adjusted EBITDA outlook. Net income reached $3 million, reversing a $44.2 million loss a year earlier.
Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
UBS Maintains Sell on Ambev Despite Record Brazil Beer Volumes
Ambev shares edged down 0.25% after UBS raised its price target but maintained a Sell rating, as record Brazil beer volumes and strong cash flow were offset by rising costs and competitive pressures.
Pfizer Ramps Up India Expansion, Faces Investor Skepticism
Pfizer is expanding into India with cancer, obesity, and vaccine investments, but investors remain cautious. Q1 revenue rose 5% to $14.5 billion, though generic competition looms.
BigBear.ai Shares Dip 5% as Defense AI Optimism Fades
BigBear.ai shares dropped 5% to $4.16 after flat Q1 revenue and a wider loss, despite a 14% backlog increase driven by a $53 million classified contract.
Palantir Faces Shareholder Vote on Human Rights Amid Ukraine AI Deployments
Palantir Technologies faces shareholder proposals for a human rights review and expanded defense disclosure as its AI tools are used in Ukraine. The vote is set for June 3.