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ACEL News30 articles
India IPO Market Poised for Record Year as Deal Activity Accelerates
Kotak Investment Banking predicts a record year for Indian IPOs in 2024, with deal activity accelerating after a slow start. Strong investor demand supports the outlook.
IHG Accelerates Share Buyback, Reduces Outstanding Count Below 149.2 Million
IHG bought back 20,000 shares at an average $172.58 on June 24, reducing its share count below 149.2 million as part of a $950 million buyback program set to return over $1.2 billion to shareholders in 2026.
Starbucks accelerates India expansion, targets 50-100 new stores annually under Niccol
Starbucks is ramping up India expansion with plans for 50-100 new stores annually, as CEO Brian Niccol pivots from turnaround to global growth. The JV holds 30% market share but remains unprofitable.
FDA Greenlights uniQure's Accelerated Approval Path for Huntington's Gene Therapy
uniQure shares surged 78% premarket after the FDA agreed to accept three-year Phase I/II data as the basis for an accelerated approval filing for AMT-130 in Huntington's disease, reviving the near-term U.S. path for the potential first disease-modifying treatment.
B-21 Raider Accelerates Testing with Dual Pilot Flight
The U.S. Air Force flew a B-21 Raider with both operational and developmental test pilots, merging testing phases to accelerate combat readiness.
Sheetz Accelerates Wilmington Expansion with First Brunswick County Store Plans
Sheetz is expanding into Leland, North Carolina, with plans for its first Brunswick County store and $15/hour job postings, while facing safety challenges after a road-rage shooting at an Ohio location.
Opendoor Closes India Operations, Cuts 250 Jobs to Accelerate AI Strategy
Opendoor is closing its India operations and cutting 250 jobs to refocus on AI and US customers. Shares rose 3.23% to $4.48, with Russell 3000 inclusion expected after June 26.
Social Security Trust Fund Depletion Date Accelerated to 2032, Benefit Cuts Loom
Social Security's retirement and survivor trust fund is now forecast to be depleted by late 2032, a quarter earlier than last year's projection, leading to a 22% benefit cut if Congress fails to intervene.
Social Security Fund Depletion Accelerates to Late 2032
Social Security's retirement trust fund depletion date moved up to Q4 2032, one quarter earlier than last year, risking automatic 22% cuts if Congress fails to act.
Social Security Fund Depletion Accelerated to 2032, 22% Benefit Cut Looms
Social Security's retirement fund is now expected to run out of reserves by late 2032, forcing a 22% cut in benefits without congressional intervention, as demographic and tax changes worsen the outlook.
IREN Stock Surges on $1.6B Dell Deal to Accelerate AI Infrastructure
IREN shares rose 9.4% to $65.42 after announcing a $1.6 billion Dell hardware deal to speed up Nvidia Blackwell system deployment, with a $4.4 billion annualized revenue target.
Compass Pathways Surges Premarket on Accelerated FDA Review for Psilocybin Drug
Compass Pathways shares surged 19.5% in premarket trading after the FDA cleared a faster review path for its COMP360 psilocybin depression treatment. The company will discuss next steps at the RBC Capital Markets conference.
SpaceX Accelerates Nasdaq IPO to Mid-June, Targeting $1.75 Trillion Valuation
SpaceX aims to list on Nasdaq by June 12 under ticker SPCX, seeking $75 billion at a $1.75 trillion valuation. The IPO includes supervoting shares and strict shareholder limits.
Navitas Semiconductor Surges as AI Data Center Pivot Accelerates
Navitas Semiconductor shares surged 15% to $18.20 after Q1 revenue rose 18% sequentially to $8.6 million, driven by growth in AI data center and grid markets. Needham raised its price target to $21.
SpaceX Launches 24 Starlink Satellites Amid Accelerating May Schedule
SpaceX launched 24 Starlink satellites from Vandenberg Space Force Base, landing the Falcon 9 booster on a Pacific droneship. The mission was the company's 55th launch of 2026.
Clene Soars on FDA Nod for Accelerated ALS Drug Submission
Clene shares jumped after FDA feedback suggested its ALS drug data could support an accelerated approval filing. The company plans to submit in Q3 2026.
RTX Lands Major Defense Contracts as U.S. Accelerates $8.6B Middle East Arms Sales
RTX Corp. was named principal contractor in U.S.-approved $8.6B Middle East arms sales and received $1.27B in new U.S. missile contracts, fueling defense backlog growth.
AWS Growth Accelerates, Amazon Stock Gains on Cloud AI Demand
Amazon shares rose 1.4% as AWS revenue surged 28% to $37.6B, its fastest growth in 15 quarters, signaling strong AI-driven cloud demand.
Amazon Q1 Revenue Surges 17% as AWS Growth Accelerates to 28%
Amazon Q1 revenue rose 17% to $181.5B, beating estimates, as AWS growth hit 28%. Net income was boosted by a $16.8B Anthropic gain, but free cash flow fell to $1.2B.
Hawaiian Airlines Joins oneworld as Alaska Integration Accelerates
Hawaiian Airlines has officially joined the oneworld alliance, adopting Alaska's AS flight code and Sabre reservation system as integration advances.
UK Inflation Accelerates to 3.3%, Fueling Rate Cut Uncertainty
UK consumer price inflation accelerated to 3.3% in March, up from 3.0% in February, as higher fuel and airfare costs pushed prices upward. Economists widely expect the Bank of England to hold interest rates steady at its April 30 meeting.
Walmart Pilots Backroom Fulfillment to Accelerate Marketplace Delivery
Walmart is piloting a program in Dallas that uses store backrooms to hold third-party marketplace inventory for faster same-day delivery, a strategic move to compete with Amazon's delivery speed.
Nvidia, Cadence Partner to Accelerate AI Robotics Development
Nvidia and Cadence Design Systems are partnering to integrate Cadence's physics engines with Nvidia's AI models to train robots in simulated environments. The move expands Nvidia's focus beyond data centers into robotics and agentic AI.
Amazon Strikes $11.6B Deal for Globalstar to Accelerate Satellite Network
Amazon has entered an agreement to purchase satellite communications firm Globalstar in a deal valued at approximately $11.6 billion. The acquisition is designed to bolster Amazon's low-Earth orbit satellite constellation and accelerate its push into direct-to-device connectivity.
Tesla Accelerates Affordable Compact SUV Development Amid Sales Challenges
Tesla is moving forward with plans for a more affordable compact SUV, targeting initial production in Shanghai. This comes as the company reported its largest quarterly gap between production and deliveries in years.
NIO Launches Costa Rica Showroom, Accelerating Americas Expansion
NIO has inaugurated its first retail location in the Americas in Costa Rica, introducing its NIO, ONVO, and Firefly brands. The move follows a quarter of surging deliveries and revenue.
Hyatt Accelerates AI Rollout to Boost Direct Bookings, Amex Offer Targets Loyalty
Hyatt is rapidly deploying AI search and management tools across its portfolio, aiming to capture travelers earlier in the planning process and increase direct bookings. The company is also offering select American Express cardholders a $75 incentive for direct bookings.
Mastercard's $1.8B BVNK Acquisition Accelerates Corporate Blockchain Adoption
Mastercard has agreed to purchase BVNK for as much as $1.8 billion, marking a major push into stablecoin and blockchain payment infrastructure. The deal coincides with corporate pilots by Citi and Aon using tokenization for trade finance and insurance payments.
Vale Base Metals Accelerates IPO Timeline to Mid-2026
Vale Base Metals has moved up its target for potential IPO readiness to mid-2026, according to CEO Shaun Usmar. The unit is cutting costs and accelerating projects, though parent company Vale retains final listing authority.
Toast Projects Accelerated Restaurant Growth for 2026 Amid AI Rollout
Toast anticipates adding more net new restaurant locations in 2026 than in 2025, with executives highlighting growth from enterprise clients and the new Toast IQ AI platform. Shares gained 0.9% premarket.