Reporting
Latest stories
Markets, companies and the economy, with the date and primary source attached.
Chewy raises annual sales outlook as margins improve, but growth slows
The pet retailer lifted its fiscal 2026 revenue forecast to $13.46 billion–$13.57 billion. Second-quarter earnings improved, while higher capital spending reduced free cash flow.
IRT–Centerspace merger would create $8.1 billion apartment REIT, with asset sales underpinning leverage target
Centerspace common shareholders and common unitholders would receive 3.8 IRT shares or common partnership units. Management projects 5% Core FFO accretion in 2027, supported by $24 million in annual synergies and planned property sales.
Sysco targets $500 million in annualized AI savings, raises longer-term growth outlook
The fiscal 2029 target includes the $100 million already expected in fiscal 2027. Standalone guidance excludes Restaurant Depot and its separate acquisition synergies.
Structure reports early oral amylin data and 72-week aleniglipron weight-loss results
ACCG-2671 single-dose findings and an aleniglipron Phase 2b extension expand the company's clinical disclosures; Phase 3 enrollment remains ongoing.
Inhibrx reports higher response rate with INBRX-106 combination in Phase 2 HexAgon study
The company reported a 48.3% confirmed objective response rate versus 26.5% for pembrolizumab alone and plans to expand the randomized study in HPV-positive disease.
AEVEX closes $600 million BlackSea deal, adding maritime scale and a $150 million revenue forecast
The acquisition adds unmanned vessels and Navy customers to AEVEX’s airborne systems business. Stock funds much of the purchase, while a separate $50 million earnout depends on share-price and vessel-program targets.
Solaris adds Omega’s construction capabilities in cash-and-stock acquisition
The completed deal broadens Solaris’s power project services, with a $325 million contractual starting value and additional financial disclosures still to come.
Apple's Sept. 9 event: Duo priced; follow live coverage
PARTIALLY_CONFIRMED now includes locked iPhone Duo commercial terms from Apple Newsroom. Follow the live page for full event coverage.
Quantinuum finalizes CHIPS award of up to $100 million, issues shares to Commerce
The agreement ties $44 million to project milestones and carries U.S. production, intellectual-property and repayment obligations.
Enbridge names Michele Harradence to succeed Greg Ebel as CEO in January
Ebel will remain president and CEO through December 31, 2026, with Harradence taking the top job and a board seat January 1, 2027.
Adobe appoints Anil Chakravarthy as next CEO, effective December 1
Shantanu Narayen will remain CEO until the transition, then become executive chair; compensation details will follow in an amended filing.
Chime agrees to acquire Stride Bank parent for $590 million in cash
The agreement would bring a longtime bank partner under Chime's ownership, with closing expected in the first half of 2027 pending regulatory approvals and other conditions.
FDA accepts Intellia’s lonvo-z BLA for HAE with Priority Review
The agency set a March 10, 2027 target action date for the application, supported by Phase 3 HAELO results. Acceptance does not constitute approval.
GE Aerospace agrees to buy CPP for $11.75 billion to expand castings capacity
The cash deal for Consolidated Precision Products is expected to close in the second half of 2027, subject to regulatory approvals and other customary conditions.
First Citizens completes conversion of 138 acquired BMO branches
Client accounts have moved to First Citizens platforms following the September 4 acquisition, which brought approximately $5 billion in deposits and $650 million in loans.
Franklin Electric closes Cat Pumps acquisition for $350 million cash plus performance awards
The completed acquisition expands Franklin's commercial and industrial pump business, with a potential stock earnout of up to $50 million tied to Cat Pumps' 2028 performance.
Monte Rosa to receive $50 million as Novartis starts Sjögren’s Phase 2 study
Novartis is running the MRT-6160 trial under an exclusive worldwide license, with the first patient visit triggering a payment to Monte Rosa.
Brookfield selected for $1 billion NLF multi-decade mandate
The portfolio will span five Brookfield strategies, with proceeds reinvested toward the fund’s long-dated UK nuclear decommissioning obligations.
Rigetti signs Commerce deal for up to $100 million in quantum R&D funding
The CHIPS award pairs milestone-gated payments with a minority federal equity stake and targets three hardware scaling challenges.
D-Wave finalizes Commerce agreement for up to $100 million in CHIPS funding
The government will receive a minority, non-controlling equity stake as D-Wave seeks to scale two approaches to quantum computing.
Boston Scientific says cyber incident likely to materially affect quarterly and annual results
The device maker expects to miss its July sales-growth and adjusted earnings guidance ranges as operations recover from an August disruption.
Circle signs Tazapay deal with $400 million stock consideration
Singapore-based payment rails would extend Circle's reach into Asia-Pacific, with closing expected in 2027 subject to MAS and other approvals.
ZIM deal update: Hapag-Lloyd reworks Israeli safeguards as closing risk rises
A revised structure would tighten foreign ownership safeguards around a roughly 16-vessel Israeli operation. A 30-day rework window leaves cabinet approval unresolved and the pending $35-a-share cash deal's late-2026 timing at risk.
WaFd signs EverBank reverse-merger agreement; EverBank investors to own 59.2%
WaFd would remain the public legal survivor of the all-stock transaction, while EverBank would be the accounting acquirer. The companies expect an early-2027 close, subject to approvals.
Brent holds above $100 as Saudi East-West pipeline outage hits Hormuz bypass
Brent traded near $107.87 on Sunday evening after Saudi Arabia shut its East-West pipeline. Friday’s settle was $104.61 — well above the Labor Day levels that first put $100 in view.
