Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 16:
Texas Instruments Incorporated (TXN - Free Report) : This semiconductor company witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.6% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.4%.
G-III Apparel Group, Ltd. (GIII - Free Report) : This apparel company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.1%, compared with the industry average of 0.0%.
Tapestry, Inc. (TPR - Free Report) : This lifestyle products company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.1%, compared with the industry average of 0.0%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
The automaker-owned platform will integrate Rivian EV batteries, some of the largest in the market June 16, 2026 08:00 ET | Source: ChargeScape
IRVINE, Calif. and AUSTIN, Texas, June 16, 2026 (GLOBE NEWSWIRE) -- American automotive and technology company Rivian (NASDAQ: RIVN) and ChargeScape, the vehicle-grid integration platform owned by a consortium of automakers, today announced a partnership to enroll Rivian’s high-capacity EV batteries into utility managed-charging programs.
Through this partnership, Rivian EV drivers will be able to opt into ChargeScape’s growing network of utility programs across North America, unlocking new ways to save on charging costs while supporting the grid. Rivian EVs already serve as a resource for the grid, but now they can seamlessly connect through partners like ChargeScape’s broad network of power utilities, to serve as even more powerful flexible grid assets to help balance peak grid demands.
Unlike other aggregators, ChargeScape operates as a shared, industry-owned automotive infrastructure platform, backed by BMW, Ford, Honda, and Nissan and utilized by Tesla, Stellantis and others. Rivian’s partnership with ChargeScape represents a shared belief in the importance of a simple, customer-friendly approach to grid-integrated electric vehicles that prioritizes scalability, interoperability, and direct OEM involvement.
Once integrated with ChargeScape’s platform, Rivian EVs can serve as even more powerful, and more flexible energy resources for a utility’s managed charging program. Rivian vehicles can support grid resiliency by offering up meaningful flexible capacity, all while enabling customers to maintain a seamless, in-app charging and enrollment experience.
“This is a significant step forward in aligning automakers around a common platform and charging standard,” said Joseph Vellone, CEO of ChargeScape. “Rivian’s partnership with ChargeScape will bring some of the largest batteries on the road onto an industry-owned, shared infrastructure. At a time of persistent inflation and high gas prices, we’re unlocking meaningful financial savings for EV drivers across America.”
"Through this collaboration with ChargeScape and other partners, Rivian’s software-enabled vehicles are a perfect, nimble partner to help balance the energy grid and enable drivers to get more value out of their vehicle,” said Andrew Peterman, Director of Advanced Energy Solutions at Rivian. “These solutions demonstrate how electric vehicles can help reduce electricity costs and support a more resilient energy grid for everyone, whether you own an EV or not."
As utilities across the United States face growing strain from data center demand, they are increasingly tapping into the flexible capacity offered by the almost 7 million EVs on American roads. By integrating Rivian’s award-winning vehicles into a platform that’s built by automakers and trusted by utilities, ChargeScape is further expanding its role at the center of a more dynamic and responsive energy ecosystem.
About ChargeScape:
ChargeScape is the automaker-backed vehicle-grid integration platform that officially connects OEMs with power utilities. The platform manages EV charging programs, reaching millions of households nationwide, offering both V1G managed charging and V2X capabilities across dozens of utility partners.
About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and services. Through innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion, the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal – preserving the natural world for generations to come. Learn more about the company, products, and careers at www.rivian.com.
Rivian R2 at-home charging A Rivian R2 is plugged in to charge. Rivian R2, charging at home A Rivian R2 charges at home, managed by ChargeScape's vehicle-grid integration platform.
EV startup Rivian laid off hundreds of employees on Tuesday, a move to make the business profitable as it launches a key new model, the Wall Street Journal reported.
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce, as the electric vehicle maker aims to narrow losses.
The layoffs affect some teams in the service and customer segments, according to a spokesperson. The company had 15,232 employees across North America and Europe at the end of last year.
"We recently restructured a handful of teams within Rivian as we work to profitably scale our business," the company said in a statement.
The layoffs come a week after the automaker officially launched deliveries of its key new vehicle, the R2 SUV. The R2 is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla. The layoffs were first reported by The Wall Street Journal.
Rivian has said it hopes to achieve profitability with the R2. It has never turned an annual profit.
The EV maker lost $3.6 billion last year, while only delivering 42,247 vehicles, according to company filings. Its automotive segment lost about $6,000 per vehicle it delivered during the first quarter of this year.
Rivian and other EV manufacturers are increasingly facing a more challenging market than they did in recent years amid changing regulations under the Trump administration, including the elimination of a $7,500 federal incentive for purchasing an EV.
Rivian laid off more than 600 workers in October, or roughly 4.5% of its workforce. Those cuts largely involved restructurings of its marketing, vehicle operations, and sales/delivery and mobile operations teams.
Image Credits:Rivian Rivian is laying off hundreds of workers just one week after it began deliveries of its hotly-anticipated R2 SUV, the company has confirmed to TechCrunch.
The company said the layoffs will affect less than 2% of its overall workforce, and that it was done to boost efficiency. It’s at least the fourth round of cuts Rivian has made since the beginning of 2024. The Wall Street Journal first reported the new round of cuts on Tuesday.
“We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the company said in a statement. Rivian said the cuts impact its service and customer teams, which include sales and marketing.
Rivian had been looking to turn its first profit in 2027 after accumulating losses of around $30 billion to date. But Rivian pushed that goal back in March because of how much money it’s spending on developing autonomous vehicle technology.
The profitability delay was revealed to investors alongside news that Uber plans to invest up to $1.25 billion in Rivian and purchasing as many as 50,000 R2 SUVs to be used as robotaxis. Rivian has yet to demonstrate that it can develop such capabilities, though, as it currently only offers a hands-off, eyes-on-the-road feature.
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Rivian confirmed to Business Insider that it's cutting some sales and marketing staff as it aims for profitability. Scott Olson/Getty Images Rivian is doing a small round of layoffs hot on the heels of its latest vehicle launch.
The EV maker is cutting less than 2% of its workforce amid a make-or-break year.
"We recently restructured a handful of teams within Rivian as we work to profitably scale our business," a company spokesperson told Business Insider in a statement.
The cuts affected some teams in Rivian's service and customer organization, which includes go-to-market functions such as sales and marketing, the spokesperson said. The company said the changes are intended to help Rivian scale more efficiently as it works toward building a healthy and profitable business.
A person familiar with the layoffs told Business Insider that some affected employees were notified directly by managers.
The layoffs come as Rivian launches its third — and most important — consumer product, the midsize R2 SUV. The company's two other passenger vehicles, the R1T pickup and the R1S three-row SUV, have helped establish Rivian as a premium EV brand but have not made the company profitable on a net income basis.
Rivian started deliveries of its R2 EV earlier in June. Jay Janner/The Austin American-Statesman via Getty Images Rivian began delivering the first R2s to customers on June 9. The midsize SUV slots into America's most popular vehicle segment and competes with Tesla's Model Y, one of the world's best-selling cars.
The spokesperson said Rivian remains confident in the R2 and the company's ability to deliver and ramp the five-seater to customers.
Affected workers are eligible for rehire and are encouraged to apply for other open roles at Rivian, the spokesperson said. The company is providing severance packages, benefits, and career-transition services.
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Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
Rivian Automotive (RIVN - Free Report) ended the recent trading session at $15.93, demonstrating a -4.5% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
Prior to today's trading, shares of the a manufacturer of motor vehicles and passenger cars had gained 24.94% outpaced the Auto-Tires-Trucks sector's loss of 0.94% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Rivian Automotive will be of great interest to investors. The company's upcoming EPS is projected at -$0.66, signifying a 17.50% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.44 billion, up 10.34% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of -$2.41 per share and a revenue of $7.02 billion, demonstrating changes of +1.63% and +30.33%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Rivian Automotive. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Rivian Automotive is carrying a Zacks Rank of #3 (Hold).
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 31% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
WALTHAM, Mass., June 16, 2026 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension,” “Nano”, or the “Company”) and Infinite Epigenetics™ (“Infinite Epigenetics,” “Infinite”) today issued the following shareholder update to provide additional detail on the proposed business combination announced on June 15, 2026. The Company has carefully reviewed Murchinson’s recent letter regarding the proposed transaction with Infinite. While we welcome shareholder engagement and are committed to transparency, the final details of the transaction are still being negotiated. However, we would like to address specific questions posed by Murchinson, contextualize the Infinite story and commercial success achieved, and provide further perspective on the substantial value creation of the proposed transaction. We will then provide complete details and a description of the proposed transaction for discussion with shareholders once finalized. We recognize that this is a complex transaction and appreciate the feedback that we have received so far; we look forward to continued discussions with shareholders about this transaction with the benefit of full and finalized information, and the exciting path forward for Nano.
A Real Business with Proven Science in a Well-Established Market
Murchinson's letter ignores the central fact that Nano's Board of Directors (the “Board”) evaluated: Infinite Epigenetics is not a concept company and not an AI wrapper around generic healthcare data. It is built on operating businesses, a CLIA-certified methylation laboratory, established science, and defensible proprietary assets, which is precisely why the Board believes this combination presents a compelling long-term value creation opportunity for shareholders.
The science is established, not speculative. Epigenetics is one of the most extensively validated areas of modern molecular biology, supported by a deep and growing body of peer-reviewed research, including over 50 publications authored by experts within Infinite’s team. A single sample processed in Infinite's CLIA-certified laboratory can read more than one million epigenetic signals, and its proprietary database comprises more than 120,000 biological samples, among the largest private DNA methylation datasets in the world. This is not a concept awaiting proof. It is an operating diagnostic platform with existing commercial revenue, a network of more than 7,500 healthcare providers, and issued intellectual property.
The category is proven by public-market leaders. The model of building a category-defining molecular diagnostics company is well established, and three multi-billion-dollar public companies have each validated a different piece of what Infinite is building. GRAIL (~$2.5B Market Cap) demonstrated that methylation-based diagnostics can detect disease. Exact Sciences (valued at ~$21B in announced acquisition by Abbott), with Cologuard, demonstrated that a molecular diagnostic test can achieve broad clinical adoption and payor reimbursement and scale into a household name. Tempus AI (~$9B Market Cap) demonstrated that proprietary biological data paired with AI commands a premium public-market valuation. Notably, Brad Keywell, Original Investor & Board Member of Tempus AI, is the Chairman of Infinite’s board, a reflection of experienced confidence in Infinite's approach.
Infinite is pursuing all three of these proven strategies: methylation-based detection, a scaled clinical testing business, and a proprietary data-and-AI platform, simultaneously, on a single platform and across multiple disease areas. The opportunity these companies illustrate is precisely the one Murchinson overlooks: enormous value is created as a data-driven diagnostics platform scales, and that value accrues to those who participate early rather than after it has already been recognized in the public markets. Moreover, by utilizing AI, Infinite can scale its business with a fraction of the capital required by its predecessors.
Clear Strategic Rationale and Capital Plan
Of the approximately 20 opportunities that the Nano leadership thoroughly evaluated, Infinite was selected as the single greatest candidate to drive value for Nano’s shareholders. While Infinite represents a transition of Nano’s operations from 3D printing to AI-powered preventive health and diagnostics, the Board believes the next wave of healthcare AI will be built on proprietary biological data, not generic medical text, and Infinite's focus on DNA methylation is a distinct and complementary frontier. The chronic disease diagnostics market exceeds $90 billion, significantly larger than the 3D printing industry. The Board's focus is on capturing the biggest addressable market for shareholders, which this opportunity delivers.
Infinite is developing the next step: a multi-omics foundation model trained in biology rather than language. Its AI strategy begins with a live, provider-facing assistant that helps clinicians interpret methylation reports today, but the chatbot is merely the interface. The real value sits underneath it, in the biological foundation model and the IP that powers it: a proprietary dataset, proprietary algorithms, multiple patents, and existing commercial scale, designed to learn from methylation data and clinical context that cannot be scraped from the internet. This is the defined purpose of Nano's capital: to accelerate the data, validation, compute, and clinical infrastructure that turn a real diagnostics business into a compounding biological AI platform, an asset that cannot be easily replicated and grows more valuable over time.
This transaction is not a search for a use of capital, it is a plan to deploy capital against a specific, defensible asset. The capital would fund two complementary engines of value. First, it would accelerate commercialization of Infinite's existing diagnostic and consumer operations, expanding the provider network, test volume, and multiple revenue lines of an already-operating business. Second, it would fund the continued expansion of Infinite's proprietary methylation dataset and the development of its biological AI platform: the data engine and the models that translate epigenetic signals into earlier detection of major chronic diseases.
The epigenome records what is happening in your body right now, governing which genes are turned on or off in response to age, environment, and disease. The AI models that are currently prominent in computational biology are trained on static gene sequencing and predict average population behavior, not the functional state of a real person measured over time. Only epigenetic data can do this. Infinite uniquely owns one of the world’s largest epigenetic datasets with more than 120,000 samples, making it one of the only platforms capable of executing this vision. The result is a compounding dynamic. Commercial growth generates more proprietary data, that data strengthens the AI platform, and the platform deepens a competitive advantage that cannot be easily replicated and grows more valuable over time. Unlike genetic testing, which returns the same fixed result every time, epigenetic testing is dynamic and longitudinal: a patient's biology changes over time, so they can be retested again and again. That makes it a recurring model rather than a one-time transaction, and every repeat test feeds the model, making it smarter.
Finally, this transaction differs meaningfully from a SPAC. This is not a situation where the amount of cash at closing is unclear, the capitalization table is over-burdened by warrants and the external sponsor receives a significant promote. Rather, this transaction reflects a value-accretive combination with a defined operating business. Unlike a SPAC, the Company remains an operating platform with existing assets, and capital and strategic direction. Further, in the contemplated transaction, the premium to Nano’s cash value accrues to the benefit of Nano’s shareholders through their ownership in the combined company, not a SPAC sponsor.
A Rigorous Review and Diligence Process
The term sheet with Infinite is the culmination of a months-long, rigorous and comprehensive review process conducted with the support of Nano’s financial advisor and legal counsel. This review process considered a range of opportunities, including companies within the manufacturing space, as well as those operating in healthcare diagnostics, artificial intelligence, biological data analytics, and precision medicine. In addition, the Company engaged the services of several well-known consultants to assist in assessing Infinite’s technology, target markets and business operations.
Board Expertise and Independence
The Board is composed of individuals with significant experience across capital allocation, mergers & acquisitions, corporate governance, public markets and technology-enabled industries. The board remains committed to driving long-term returns for shareholders and has the ability, with the support of external experts and advisors, to evaluate complex opportunities and execute transactions that enhance shareholder value.
Additionally, Murchinson's reference to General Garrett conflates two fundamentally different roles. A director is a fiduciary who votes to approve a transaction; an advisor provides subject-matter expertise and has no vote, no fiduciary duty, and no authority over whether a deal proceeds or on what terms. General Garrett serves Infinite Epigenetics as an advisor on government and military health, a field unrelated to the matters Murchinson cites, and plays no role in Nano's evaluation or approval of this combination, which rests with Nano's Board and its shareholders. Attaching a prior, unanimous Board decision to an individual's later, unrelated advisory role is innuendo, not analysis.
Alignment with Shareholders
The Board rejects any implication that its decision to pursue this transaction is motivated by interests that are not aligned with shareholders. For the avoidance of doubt, the Board has not approved and will not support any arrangement that is not aligned with shareholder interests. Indeed, this transaction will not provide for any separate or transaction-driven compensation or payouts. The term sheet provides for Nano to get two board seats to join the combined company board based upon the expected shareholder ownership split; this is designed to protect the ongoing interests of Nano’s shareholders and is standard practice for all stock mergers.
We have heard from certain shareholders that they prefer a simple return of capital. That option is far less attractive than it appears. A liquidation or wind-down would not return the headline cash dollar-for-dollar: it would be reduced materially by wind-down and professional costs, tax leakage, reserves for contingent liabilities, and the time value of cash escrowed for an extended period before any final distribution. It would also assign zero value to Nano's Nasdaq listing, a scarce, expensive-to-replicate asset, and remove any chance of upside. By contrast, the proposed combination values Nano at net cash plus a 20% premium, preserving Nano’s listing's value, lets holders retain contingent value rights on Nano's legacy assets, and adds equity upside, a premium with optionality versus a discount with finality.
Transaction Terms
While we are not able to address particular terms of the merger until we have fully negotiated definitive documents, we believe the terms we have negotiated thus far are customary for transactions of this nature. Moreover, we are affording our shareholders the opportunity to receive a 20% premium for the cash value of the Company through the ownership in the combined entity.
Market Reaction vs. Long-term Outlook
Short-term trading volatility is not a reliable measure of long-term value creation as market reactions immediately following an announcement are often incomplete, information-constrained and influenced by short-term trading dynamics. The Board is committed to clear and consistent engagement with all investors and is confident that once the full and detailed information is available for review, investors will recognize the substantial value creation opportunity that this transaction represents. To that end, any definitive agreement will be presented and subject to shareholder vote. The Board does not make decisions focused on maximizing short-term price performance but rather aligned with strategies that they believe will generate superior long-term value creation for the Company’s shareholders.
Board Providing Transparency vs. Unclear Alternative From Murchinson
We agree with Murchinson that transparency is critical to maintaining credibility and the confidence of shareholders. Since Dave Stehlin was named CEO in September 2025 and the strategic review process was initiated, the Company has issued 13 press releases and updates where possible to ensure that the focus and strategy of the Board is clear. Our latest announcement, investor call, investor presentation and this subsequent press release are all testaments to the Board's commitment to provide information to shareholders as available so they can make an informed decision. While we acknowledge the importance of Murchinson's ability to ask questions, we believe the same standard of transparency should be applied equally to all parties. Murchinson has requisitioned an extraordinary shareholder meeting with intent to replace a majority of Nano's Board, yet despite multiple requests and offers for engagement, has not provided any detail on what their plan for Nano would be. On behalf of all shareholders, we ask: how would they utilize Nano's significant balance sheet reserves? The absence of any such transparency leaves shareholders without the information needed to evaluate whether Murchinson's intentions are aligned with the best interests of the Company and all of its shareholders.
Murchinson is asking shareholders to focus on surface-level labels. Nano is asking shareholders to look at the asset and value potential: a commercial epigenetics diagnostics platform with strong recurring revenue, a CLIA-certified lab, more than 120,000 epigenetic samples processed, over 50 peer-reviewed validation studies, reported performance metrics across major chronic diseases that are stronger than traditional diagnostics, one of the world’s largest proprietary biological datasets, and an AI foundation model that Nano’s capital can help accelerate toward significant revenue growth.
Nano’s cash is not being used to chase an AI slogan. It is expected to fund clinical validation, payer evidence, reimbursement work, provider growth, data infrastructure, regulatory preparation, pharma and data partnerships, and disciplined commercial scale.
About Nano Dimension Ltd.
Nano Dimension Ltd. (Nasdaq: NNDM) has historically delivered advanced digital manufacturing technologies serving customers across the defense, aerospace, automotive, electronics and medical device industry segments. Following a strategic review process initiated in 2025, the Company has focused on streamlining its operations, reducing cash burn, monetizing product lines and evaluating opportunities to deploy its capital base and publicly traded company platform into a more compelling long-term value creation opportunity. Nano Dimension continues to operate its remaining product lines, while the Company advances its strategic plan and evaluates the proposed business combination with Infinite Epigenetics. For more information, please visit www.nano-di.com.
About Infinite Epigenetics
Infinite Epigenetics is an AI-powered, preventive health and diagnostics company building a proprietary biological AI platform to read, interpret, and apply epigenetic signals at scale. Powered by one of the world’s largest private DNA methylation datasets and supported by a deep body of peer-reviewed research, the company partners with biotech innovators, researchers, and healthcare organizations to translate epigenetic insights into actionable diagnostic and clinical applications. Its operating portfolio includes TruDiagnostic™, a CLIA-certified laboratory and clinical epigenetic testing company, and Tally Health™, a consumer longevity and preventive health company. For more information, visit www. infiniteepigenetics.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the extraordinary general meeting requisitioned by Murchinson, Nano Dimension’s strategic plan, strategic alternatives review process, expectations on the timing, economics and success of the proposed business combination, beliefs regarding the future success and long-term growth opportunities of Infinite Epigenetics and the combined company, expectations for the structure of the proposed business combination, belief that deploying Nano’s capital and publicly traded company platform into a high growth healthcare and data business offers a more compelling path to long-term value creation than continuing to scale within the advanced digital manufacturing sector, and all other statements other than statements of historical fact that address activities, events or developments that Nano Dimension intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “continue,” “likely,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, the Company cautions shareholders that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including, but not limited to (i) the risk that Nano Dimension and Infinite Epigenetics are unable to negotiate and enter into a definitive agreement for the proposed combination; (ii) the risk that the conditions to the closing (including any necessary shareholder approvals) are not satisfied; (iii) uncertainties as to the timing of the consummation of the proposed combination and the ability of each of Nano Dimension and Infinite Epigenetics to consummate the proposed combination; (iv) effect of the announcement of the proposed combination on the ability of Nano Dimension and Infinite Epigenetics to continue to operate their respective businesses and retain and hire key personnel and to maintain favorable business relationships; (v) risks related to the failure or delay in obtaining required approvals from any governmental or regulatory entity necessary to consummate the proposed combination; (vi) changes in the exchange ratio that could cause Nano Dimension’s shareholders and Infinite Epigenetics’ stockholders to own more or less of the combined company than is currently anticipated; (vii) risks related to the market price of Nano Dimension’s shares relative to the value suggested by the term sheet; (viii) unexpected costs, charges or expenses resulting from the proposed combination; (ix) the potential for the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the definitive agreement for the proposed combination and the other agreements entered into in connection therewith; (x) the possibility that holders of CVRs may never receive any proceeds therefrom; (xi) changes in demand for Nano Dimenson’s or Infinite Epigenetics’ products and services; (xii) global market, political and economic conditions, and conditions in the countries in which Nano Dimension and Infinite Epigenetics operate; (xiii) the impact of changes in law and government regulations; (xiv) competition in the epigenetics health industry; (xv) the risk of litigation, including any proceedings that may be instituted against Nano Dimension or Infinite Epigenetics related to the proposed combination; (xvi) the impact of rapid technological change in the epigenetics health industry; and (xvii) those discussed under the heading “Risk Factors” in Nano Dimension’s annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2026, and in any subsequent filings with the SEC.
Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication.
Additional Information and Where to Find It
The Company has filed a preliminary proxy statement and intends to file a proxy statement and WHITE proxy card with the SEC in connection with its solicitation of proxies for an extraordinary general meeting of shareholders that will include, among other proposals, a proposal to approve on a non-binding advisory basis a resolution regarding the continuation of Nano Dimension’s strategic alternatives review process including any related transaction approved by the Board (the “Extraordinary General Meeting”). THE COMPANY’S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT, ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND THE ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION.
Shareholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC’s website at www.sec.gov.
This communication also relates to a proposed combination involving Nano Dimension and Infinite Epigenetics and may be deemed to be solicitation material in respect of the proposed combination. In connection with the proposed combination, Nano Dimension intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will contain a proxy statement of Nano Dimension that will constitute a prospectus with respect to shares of Nano Dimension’s stock to be issued in the proposed combination (the “Proxy Statement/Prospectus”). Nano Dimension may also file other documents with the SEC regarding the proposed combination. This document is not a substitute for the Proxy Statement/Prospectus or any other document which Nano Dimension may file with the SEC. INVESTORS AND SECURITYHOLDERS OF NANO DIMENSION AND INFINTE EPIGENETICS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY NANO DIMENSION WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED COMBINATION AND RELATED MATTERS. Nano Dimension shareholders and Infinite Epigenetics stockholders will also be able to obtain free copies of the Proxy Statement/Prospectus (when available) and other documents containing important information about Nano Dimension, Infinite Epigenetics and the proposed combination that will be filed with the SEC by Nano Dimension through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Nano Dimension will also be available free of charge on Nano Dimension’s website at https://investors.nano-di.com/sec-filings-1/default.aspx or by contacting Nano Dimension’s investor relations department by email at [email protected].
Participants in the Solicitation
The Company, the President, Chief Executive Officer and Director, David Stehlin, and each of its non-employee directors (namely, Robert Pons; Phillip Borenstein; Dr. Joshua Rosensweig and Andrew Sriubas) are deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934) in the solicitation of proxies from the Company’s shareholders in connection with the matters to be considered at the Extraordinary General Meeting. Information about the compensation of our non-employee Directors is set forth in the sections titled “Director Compensation” and “Director Compensation Table” in the Company’s Annual Report, at pages 54-56, and is available here. Information about the compensation of our President, Chief Executive Officer, and Director, David Stehlin, is set forth in the section titled “Executive Compensation” in the Annual Report, at pages 56-64, and is available here. Information regarding the participants’ holdings of the Company’s securities can be found in the section titled “Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters” in the Company’s Annual Report on pages 64-65 and is available here, and as updated in the filings referenced below. Supplemental information regarding the participants’ holdings of the Company’s securities can be found in SEC filings on Statements of Change in Ownership on Form 4 filed with the SEC on May 29, 2026 for Mr. Stehlin (available here) and June 12, 2026 (available here). Such filings are available on the Company’s website at https://investors.nano-di.com/sec-filings-1/default.aspx or through the SEC’s website via the links referenced above.
Updated information regarding the participants’ direct or indirect interests, by security holdings or otherwise, is be set forth in the Company’s preliminary proxy statement on Schedule 14A and will be set forth in the Company’s definitive proxy statement and other materials to be filed with the SEC in connection with the Extraordinary General Meeting.
Nano Dimension and its directors and executive officers may be deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934) in the solicitation of proxies from Nano Dimension’s shareholders in connection with the proposed combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from Nano Dimension’s shareholders in connection with the proposed combination will be set forth in the Proxy Statement/Prospectus on Form S-4 for the proposed combination, which is expected to be filed with the SEC by Nano Dimension. Investors and securityholders of Nano Dimension and Infinite Epigenetics are urged to read the Proxy Statement/Prospectus and other relevant documents that will be filed with the SEC by Nano Dimension carefully and in their entirety when they become available because they will contain important information about the proposed combination.
The LayoffsAccording to an SEC filing, Robinhood announced the workforce reduction on June 16 as part of efforts to “maintain a high performance culture, further accelerate product velocity and remain lean and disciplined.” The company said it is taking the action from a position of business strength, noting that June month-to-date average daily trading volumes are at record levels across equities, options and prediction markets.
The reduction also involves the closure of a small number of open roles across the company. Robinhood estimates it will incur approximately $20 million in cash restructuring charges related to employee severance and benefits, as well as approximately $8 million in share-based compensation charges. The company expects to recognize the accrual for these charges in the second quarter of 2026.
Robinhood Shares Edge HigherHOOD Price Action: At the time of publication, Robinhood shares are trading 2.17% higher at $100.25, according to data from Benzinga Pro.
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HomeIndustriesInvesting/SecuritiesRobinhood’s stock rallies toward a fifth straight gain, as stocks and crypto trading platform says job cuts come from a position of strengthLast Updated: June 16, 2026 at 10:01 a.m. ET
First Published: June 16, 2026 at 7:44 a.m. ET
Shares of Robinhood Markets rose Tuesday, as investors cheered the stock and crypto trading platform’s disclosure of job cuts that would affect nearly 300 employees.
The company HOOD stated in a filing with the Securities and Exchange Commission that the workforce reduction, which involves about 10% of its full-time employees, was part of its efforts to “maintain a high performance culture.” The company said in its latest annual report that it had about 2,900 full-time employees.
Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses.
The online trading platform also said it would eliminate a small number of remaining open positions.
Shares of Robinhood HOOD rose about 2.5% in premarket trading following the announcement.
In a regulatory filing, the company said it expects to incur approximately $20 million in restructuring charges related to employee severance and benefits, along with roughly $8 million in share-based compensation expenses.
The charges are expected to be recognized during the second quarter.
"The company is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels across equities, options, and prediction markets," Robinhood said.
Robinhood had approximately 2,900 full-time employees at the end of December, according to its latest filings with the US Securities and Exchange Commission.
The workforce reduction comes as Robinhood continues to benefit from elevated trading activity and growing customer engagement.
The company reported first-quarter results in April, showing modest profit growth and a 15% increase in revenue, driven by strong activity in options trading, subscription products, and prediction markets.
Management also indicated at the time that the second quarter had begun strongly, supported by robust trading volumes across its platform.
The latest filing reinforced that message, with Robinhood highlighting record average trading activity across equities, options, and prediction markets during June.
The company has increasingly positioned itself as a broader financial platform rather than simply a commission-free stock trading app, expanding into retirement products, subscriptions, and event-based trading.
One area attracting particular attention from analysts is Robinhood's rapidly growing prediction markets business.
Analysts at Bernstein said the company could see significant benefits from a surge in activity tied to the FIFA World Cup.
According to the research firm, daily prediction market volumes rose from $2.2 billion on June 11 to $4.8 billion on June 12, when the United States played Paraguay.
Bernstein noted that those figures already exceed the approximately $1.4 billion traded during last season's Super Bowl.
In a note to clients, analysts led by Gautam Chhugani said prediction markets have become Robinhood's fastest-growing revenue-generating product since launch.
The brokerage forecasts revenue from prediction markets will rise from $150 million in 2025 to $586 million in 2026, representing a growth of 286% year over year.
If realized, prediction markets would account for roughly 17% of Robinhood's transaction-based revenue and about 10% of the overall company revenue next year.
Robinhood's workforce reduction also reflects a broader trend across the technology sector.
Companies including Snap, Block, Atlassian, and Pinterest have announced significant layoffs this year as firms seek to improve efficiency while investing in new technologies.
According to data from Challenger, Gray & Christmas, technology companies announced 38,242 job cuts in May alone.
Year-to-date reductions have reached 123,653 positions, a 66% increase from the same period last year.
At the same time, technology remains the leading source of hiring plans, with employers announcing more than 11,000 planned hires in May, underscoring the sector's continued growth even as companies reshape their workforces.
ToplineRobinhood on Tuesday announced it would cut 10% of its full-time workforce, citing efforts to make the trading platform “lean and disciplined,” as more companies have reduced headcount in recent months amid a broader integration of AI.
The company said it expects restructuring charges of about $20 million.
SOPA Images/LightRocket via Getty Images
Key FactsRobinhood, in a disclosure to the Securities and Exchange Commission, announced it would reduce its full-time workforce by 10%, or about 290 employees, “as part of its efforts to maintain a high-performance culture, further accelerate product velocity and remain lean and disciplined.”
A small number of open roles will also be closed, Robinhood said.
CEO Vlad Tenev, in a statement on X, said Robinhood “cannot default to operating as a heavily-layered organization” and noted the “transition creates even more opportunities for our most talented people to grow and take on greater responsibility.”
Robinhood said it expected to incur restructuring costs of about $20 million for employee severance and benefit costs, in addition to roughly $8 million in share-based compensation expenses.
Shares of Robinhood rose slightly (0.9%) in premarket trading following the announcement.
big numberNearly 15%. That’s how much Robinhood’s stock has declined this year, despite hitting a 52-week high in October. The company’s market value dropped below $60 billion in March, then rose to $88 billion as of Monday, after reaching $132 billion at its recent peak.
key backgroundRobinhood’s recent stock slide comes as it has expanded into a broader financial services platform, introducing retirement accounts, wealth management services and credit cards. The company missed quarterly profit expectations in April, citing an impact of crypto-driven market volatility on trading activity. Still, revenue jumped 15% on surging fees from prediction market trades and growth across its subscription services. It’s likely the platform’s business was similarly disrupted by growing tensions in the Middle East, during which the broader stock market stumbled as oil and gas prices surged.
further readingForbesSpaceX Opens At $150—Surging 20% After Largest IPO Ever (Live Updates)By Ty Roush
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Robinhood is cutting 10% of its staff amid an organizational "flattening." Taylor Hill/FilmMagic Robinhood, the stock-trading app that became synonymous with the pandemic-era's retail-investing boom, is cutting 10% of its workforce and joining tech's "Great Flattening."
CEO Vlad Tenev told employees in a memo on Tuesday that the company's business "has never been stronger," but said Robinhood needed to become leaner as it scales. Tenev said the company was "flattening" its organizational structure and reducing head count to avoid becoming a "heavily-layered organization."
In an SEC filing on Tuesday, Robinhood said the cuts come as June's month-to-date average daily trading volumes hit record levels across equities, options, and prediction markets. In a February filing, the company reported having 2,900 full-time staff as of December 31, 2025.
In his memo, Tenev wrote that the company will "continue hiring strategically," while investing in "top-tier talent" and using "frontier technologies."
Affected employees were being notified on Tuesday, he said. The company declined to provide additional comment, and Robinhood didn't specify what teams are affected by the cuts in the memo.
Robinhood is the latest to join tech's "Great Flattening," or the slashing of middle layers in an effort to reduce bureaucracy and move faster. In the wake of the pandemic-era hiring boom, several household-name companies — including Microsoft, Google, Amazon, and Meta — have thinned out management ranks and leaned into individual contributors as they make their org charts flatter.
Read the memo Robinhood's CEO sent to staff:Robinhoodies,We've made the difficult decision to say goodbye to some of our team members today. Those departing are being notified, and we're offering them full support through this transition, including severance. These are good people who helped build the foundation we stand on today, and I am deeply grateful for their contributions to Robinhood.
I want to be transparent about why this is happening now. Robinhood's business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organization. We must be a lean, hyper-focused team where every single individual is empowered to make a massive impact. Our execution is strong today, but our ambitions require us to continuously raise our own bar. To achieve that, today we are flattening our org structure and reducing our overall team size by 10% of headcount.
Because our financial position is strong, we are making this change proactively. The goal is to maximize our talent density and ensure that our culture is defined by an absolute elite performance bar and a superlative commitment to our customers. This transition creates even more opportunities for our most talented people to grow and take on greater responsibility. We will also continue hiring strategically, investing heavily in top-tier talent, and utilizing frontier technologies to push our execution even further.
I know it can be painful to say goodbye to teammates. It is the hardest consequence of committing uncompromisingly to our values of being "Lean & Disciplined" and demanding "High Performance."
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Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
Robinhood Markets Inc (NASDAQ:HOOD) is comfortably in the black this morning, last seen up 0.7% at $98.80 after announcing it will be laying off roughly 10% of its workforce. The initial financial hit for this process will be around $28 million.
HOOD yesterday gapped higher to a fourth-straight daily pop, its breakout thwarted by the round $100 mark. The equity is also facing off with the overhead 200-day moving average and is looking to shave off some of its 13.2% year-to-date deficit.
Short interest has been inching higher, up 4% in the two most recent reporting periods. This accounts for 4.4% of the stock's available float and would take less than two days for short sellers to buy back.
Bulls are circling the investing platform. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), HOOD's 50-day call/put volume ratio of 3.36 ranks in the 100th annual percentile.
Premium is affordably priced at the moment, too. This is per the stock's Schaeffer’s Volatility Index (SVI) of 63% that stands in the 27th percentile of its annual range.
Robinhood Markets Inc (NASDAQ:HOOD) announced on Tuesday that it will reduce its full-time workforce by approximately 10%, or about 290 positions, as the online brokerage seeks to streamline operations and flatten its organizational structure.
The company disclosed the layoffs in a regulatory filing, describing the move as part of an effort to maintain operational efficiency despite strong business performance.
According to the filing, the restructuring is expected to result in approximately $20 million in cash-related costs and $8 million in equity compensation expenses, which will be recognized in the second quarter of 2026.
In a message shared with employees and later posted on the social media platform X, Robinhood CEO Vlad Tenev said the company was making the changes proactively rather than in response to financial pressures.
“Robinhood’s business has never been stronger,” Tenev wrote. “But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organization.”
Tenev said the company aims to operate as a leaner organization where employees are empowered to make a greater impact.
He added that the restructuring is intended to increase "talent density" and reinforce a culture focused on performance and customer service.
The CEO also noted that Robinhood plans to continue hiring selectively and investing in top talent and emerging technologies.
The layoffs come as Robinhood reports record average daily trading volumes across stocks, options, and prediction markets, according to the company.
Employees affected by the cuts will receive severance and other support during the transition, Tenev wrote.
Shares of Robinhood were up 0.6% at about $99 on Tuesday morning, having fallen about 13% so far this year.
Robinhood Markets HOOD rose 2.01% intraday after filing a reduction in force of approximately 10% of its full-time workforce, along with the closure of a small number of open roles. The company expects to incur approximately $20 million in cash restructuring charges for severance and benefits, plus roughly $8 million in share-based compensation charges, both to be recognized in Q2 2026.
Robinhood framed the cuts as coming from a position of strength, noting June month-to-date average daily trading volumes are at record levels across equities, options, and prediction markets. May operating data released last week shows equity notional trading volumes hit $315 billion in May, up 75% year-over-year, with average daily volumes of $15.8 billion, up 84% year-over-year. Total platform assets reached $377 billion, up 48% year-over-year, and funded customers grew to 27.7 million.
It appears using AI as a cover story for cutting jobs is fast falling out of fashion.
Unlike many of his tech industry peers who have cut thousands of jobs this year citing the need to restructure their teams to make the most of AI, Robinhood’s CEO Vlad Tenev conspicuously made no mention of AI in his note to employees announcing that the company is letting go 10% of its full-time employees, or about 290 people.
Nor did the company’s regulatory filing announcing the move, which instead framed the cuts as a restructuring exercise.
Still, Tenev did say the company would use “frontier technologies to push our execution even further,” which sounds like a conscious effort to avoid even naming AI. Which isn’t surprising: Sentiment against AI and related infrastructure projects has been trending lower even as a small minority of tech executives make ridiculous bank.
But Tenev did add to the ongoing narrative that it’s now necessary for companies to operate with smaller teams and “flatter organizational structures,” writing: “We cannot default to operating as a heavily-layered organization. We must be a lean, hyper-focused team where every single individual is empowered to make a massive impact.”
We’ve seen companies of various stripes, from Amazon, Block, Coinbase, GitLab, and Intuit employing similar language in their layoff announcements, indicating that large teams, bureaucracy, and siloed departments are now seen as undesirable line items at a time when AI tools promise to significantly improve productivity.
Some even think it’s a tacit allusion to the fact that tech companies over-hired following the COVID-19 pandemic, and are now scaling back as expenses begin to pile up — especially those associated with massive AI usage.
Regardless, these companies are doing quite well. Tech stocks have surged broadly, spurred by record revenues, improving profit margins (GitLab reported 88% gross margin last month), skyrocketing demand for cloud services, and the belief that the billions being poured into data center projects will produce returns that are orders of magnitudes higher.
Robinhood itself reported a 15% improvement in first-quarter revenue in April, and the company said its second quarter is looking better thanks to rising prediction market fees, subscription revenue, and strong equity and option-trading volumes as markets stabilize.
The company said on Tuesday it is also closing “a small number” of open roles, and that it would incur about $28 million in costs related to the cuts.
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Ram is a financial and tech reporter and editor. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books.
You can contact or verify outreach from Ram by emailing [email protected].
An anonymous Polymarket trader known as “fishalive” booked a roughly $9 million profit on about $4.2 million of bets against Spain on Monday, cashing in on one of the biggest upsets in World Cup history.
Spain came in as the reigning European champion and a tournament favorite, priced near 92% to beat Cabo Verde on Polymarket and given a 26% chance to lift the trophy by a Goldman Sachs model.
Cabo Verde, an archipelago of about half a million people off the coast of West Africa, had never before qualified for a World Cup and fielded no stars.
The debutants held the champions to a scoreless draw.
How Two Bets Won $9 MillionThe winning account made just two wagers, both against Spain. One bet that Spain would not win the match returned about $4.7 million. The other faded Spain on the spread, where the favorite needed to win by three goals or more, and paid roughly $8.5 million.
After staking about $4.2 million for the near $9 million profit, the trader drained the account to zero. Spain’s odds of winning the tournament slid from 17% to 14% on Polymarket after the game.
The Man On The Other SideThe draw hinged on Vozinha, Cabo Verde’s 40-year-old goalkeeper, who made seven saves and won player of the match.
He is a late bloomer who did not turn professional until 25 and now keeps goal for Chaves in the Portuguese second division.
Vozinha was ever-present through Cabo Verde’s qualifying campaign, conceding eight goals in 10 games and keeping seven clean sheets.
At the final whistle, the goalie hunched over near his goal and cried. “He was overwhelmed with emotion,” Cabo Verde manager Bubista said, calling it “a cry of resilience.”
He dedicated the match to his late grandparents, who raised him. As a boy, other kids nicknamed him “Vozinha,” or “little grandmother,” for running home crying to them.
His mother could not attend the game either, unable to secure a US visa in time after a rule introduced in January began requiring visitors from Cabo Verde to post a returnable bond of up to $15,000.
The performance turned him into a global figure within hours, his Instagram following surging from around 50,000 to roughly 7 million by Tuesday morning.
The anonymous trader who faded Spain walked off with eight figures, and that kind of action is exactly what is repricing Robinhood Markets (NASDAQ:HOOD).
Event contracts are now Robinhood’s fastest-growing business by revenue. Bernstein projects the segment may generate $586 million this year, up from $150 million in 2025, and HOOD shares rose Monday after the firm flagged World Cup volume topping Super Bowl levels.
Image: IMAGN
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Sports prediction markets are having a gold-rush moment. Enthusiasm around the World Cup and NBA finals led Kalshi to set a new daily record Saturday for trading volume at $1.2 billion.
A wave of companies is trying to stake a claim, hoping to follow suit and strike it rich in what JB Mackenzie, Robinhood's head of prediction markets, described to CNBC as a "supercycle."
He points not only to a packed sports summer calendar leading directly into NFL season and midterm elections, but a jammed pipeline of companies applying to the Commodity Futures Trading Commission to become designated contract markets, or DCMs.
On Tuesday, the CFTC granted approval for Novig's DCM application. ProphetX's was approved a week earlier. But both companies will be up against not only Kalshi, which dominates the space, but Polymarket, Robinhood, Crypto.com and the sportsbook giants FanDuel, DraftKings and Fanatics.
Novig is trying to differentiate itself with a sports-first pitch. The company, founded by Jacob Fortinsky and Kelechi Ukah, says it has received CFTC approval to operate as a federally regulated prediction market focused on sports.
Fortinsky told CNBC the company is building a peer-to-peer sports trading platform that allows users to trade directly against one another rather than bet against the house.
"What we're doing is basically cutting out the middle man," Fortinsky said. "We're really rendering sportsbooks obsolete."
Fortinsky argues that traditional sportsbooks are structurally misaligned with customers because they act as the counterparty to wagers. In Novig's model, he said, the platform is agnostic to the outcome of a game and makes money from trading activity rather than customer losses.
The company is moving its entire business into the CFTC-regulated prediction-market category, he said. Previously, it operated in Colorado under a state sports-betting license, but then pivoted to a sweepstakes-based product before pursuing the federal exchange model. It will maintain an age limit of 21+.
It has a large war chest for a young startup. Novig raised a $75 million Series B in February led by Pantera Capital, with participation from investors including Forerunner Ventures, NFX, Multicoin Capital, Makers Fund and others, according to the company. Forbes reported the round valued Novig at $500 million, and brought total capital raised to more than $105 million.
Novig says it has done more than $5 billion in cumulative volume and more than $8 billion in annualized volume, driven by what Fortinsky describes as sports fans increasingly approaching games like a tradable asset class.
"People, sports traders, are becoming more price sensitive," Fortinsky said. "They're increasingly looking at sports as an asset class."
A crowded fieldBut Novig is entering a field where the race to claim first-mover status is already crowded.
ProphetX said earlier this month that the CFTC approved its applications to register as both a designated contract market, which is an exchange, and a derivatives clearing organization, which clears trades.
ProphetX CEO and co-founder Dean Sisun said the approval "positions ProphetX to become the first sports-native direct-clearing prediction market in the United States."
The company's claim is that it will offer sports event contracts and build a sports-native exchange and clearing structure under the CFTC framework.
Fortinsky argues Novig is built natively around the sports trader, with a product and technology stack designed for exchange-based sports trading rather than adapted from sportsbook infrastructure or general-purpose prediction markets.
The competition is not limited to exchanges.
Betr, the real-money gaming company founded by Joey Levy and YouTube star and boxer Jake Paul, is taking a distribution-first approach. The company acquired Ascent Capital Management, a National Futures Association-registered introducing broker, to accelerate its launch of prediction markets powered by Polymarket.
Levy told CNBC that Betr's advantage is breadth.
"We are the first super app in the space offering picks, Sportsbook, casino, arcade, and soon prediction markets all in one app with one wallet," Levy said. "So yes we think we can take on FanDuel, DraftKings, Kalshi, etc. given we are offering more content overall and have that differentiated experience."
Levy added that Betr is seeing "explosive revenue growth" while growing "efficiently and profitably."
Robinhood brings another model: brokerage distribution, giving event contracts exposure to consumers who already think in terms of trading, probabilities and market prices rather than traditional betting slips.
Crypto.com is playing an infrastructure role. FanDuel Predicts announced an expanded event-contract offering through Crypto.com's CFTC-regulated exchange and clearinghouse, OG Prediction Markets, broadening the types of sports and entertainment markets available to customers. That gives FanDuel a way to participate in prediction markets without immediately becoming the exchange itself.
DraftKings has also moved into prediction markets, framing the category as complementary to its sportsbook business rather than a replacement. The company reported DraftKings Predictions had its biggest weekend yet. "Driven by the NBA Finals and the start of the World Cup, total customers grew over 200% compared to the prior weekend," the company said in a news release.
Fanatics is another major sportsbook operator watching the space closely as sports trading moves from niche prediction markets toward mainstream wagering behavior.
For the sportsbook giants, the threat is obvious. They already have the customers, brands, promotions and state-by-state gaming infrastructure. But sports prediction markets challenge the basic sportsbook model by offering prices that look more like financial markets and products that may be available nationally under federal oversight.
Sports trading as an asset classThe legal fight is intensifying. Multiple states and tribes are suing Kalshi and others arguing they're breaking the law by facilitating unlicensed gambling.
Kalshi continues to insist prediction markets are regulated by the CFTC.
The agency joined the legal fray to defend its federal oversight filing a suit this week against New Mexico in the state's attempt to apply gaming law to prediction markets.
The CFTC has proposed rules that would generally allow sports event contracts, while restricting categories tied to injuries, officiating decisions, high school sports, fights, war, terrorism and other events the agency views as sensitive or easily manipulated.
Fortinsky said he believes sports trading should be treated as a legitimate asset class.
"Sports is just as legitimate of an asset class as crypto, as other types of futures," he said.
If sports prediction markets are treated as swaps or event contracts, they could scale nationally through federal regulation. If courts or lawmakers decide they are functionally sports bets, they could be pushed back into the state-by-state gaming system.
The prize is large enough to explain the rush. Sports offer the ingredients prediction markets need: constant events, passionate fans, live volatility, media attention and a steady supply of outcomes that can be priced in real time.
But the competition for customers and their dollars is fierce. Some industry insiders are already questioning how many sports prediction platforms the market can support once the early rush gives way to a fight for volume, pricing and regulatory durability.
In prediction markets, liquidity can compound quickly. Traders go where the markets are deepest. Kalshi's weekend volume shows what dominance looks like when liquidity concentrates.
Prediction market volumes surged over the weekend, according to Piper Sandler analyst Patrick Moley, with Kalshi posting $3.38 billion in volume, up 35% month over month. Kalshi confirmed the figures to CNBC. Moley says Polymarket totaled $1.41 billion, up 33% month over month, though Polymarket U.S. volumes from Sunday had not yet been released. Rothera, the CFTC-regulated prediction market exchange that has a partnership with Robinhood, did $131.4 million in volume over the weekend and Friday.
Though exchanges report weekend activity differently, they illustrate how concentrated the category has already become. Kalshi's weekend volume was roughly 2.4 times Polymarket's reported total and more than 25 times Rothera's.
For Novig, ProphetX, Betr and the next wave of entrants, the question is whether they can create enough differentiated liquidity, product design and consumer trust to carve out space — before the biggest exchanges, sportsbooks and brokers define the market for them.
—CNBC's Jessica Golden and Davis Giangiulio contributed reporting.
Disclosure: CNBC and Kalshi have a commercial relationship which includes customer acquisition and a minority investment.
Correction: Rothera has a partnership with Robinhood. A previous version mischaracterized the relationship between the two entities.
Novig's $75 million Series B funding was led by Pantera Capital, and included other investors such as Forerunner Ventures, NFX, Multicoin Capital, Makers Fund and others. A previous version of the story misstated the names of the investors.
Buying good growth stocks at reasonable prices can help set you up for some tremendous gains later on. It can be a great idea to invest in many of them, since it's not always obvious which stock may surge in value. Nvidia, for example, was a top tech company a decade ago, but its recent surge, driven by growth opportunities in artificial intelligence, came virtually out of nowhere.
Investing in many types of stocks gives you more shots on target and more opportunities to generate strong returns. Three growth stocks that I think may be among the best ones that you can buy for less than $100 right now are Netflix (NFLX 3.59%), Robinhood Markets (HOOD 1.44%), and Uber Technologies (UBER +0.58%). Here's why these can be solid buys for the long haul.
Image source: Getty Images.
Netflix Shares of streaming giant Netflix are currently trading at around $80. They're down 16% this year, and for investors, this could be one of the best growth stocks to buy on the dip.
There's a lot to like about Netflix's business as the company has raised prices while also offering a lower-priced ad plan to appeal to more price-conscious consumers. While there may be concerns about its growth rate slowing down, the business is still doing well. In its most recent quarter, which ended on March 31, revenue rose by more than 16% to roughly $12.3 billion. The company expects that growth rate to slip to around 13% for the current quarter, but it's still a solid rate nonetheless.
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Netflix has established itself as a top media company, and its recent attempt to buy Warner Bros. was a clear sign that it isn't content to just sit idle. This is a growth-oriented business that looks focused on getting bigger and better, which is why, with it trading at a fairly reasonable 25 times its trailing earnings, it can be a great stock to add to your portfolio today.
Robinhood Markets Another stock that's been struggling this year but could be a good buy is Robinhood Markets, known for its popular trading platform. It's down 15% and trading just below $100.
The company's focus on young retail investors is what makes it an intriguing growth stock to buy. They can potentially remain customers for decades. Not only can traders buy and sell stocks, but through Robinhood, people can also trade crypto, and the company has been expanding into prediction markets. It has the potential to be the ultimate trading app for retail investors, if it's not already.
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This year, it's faced challenges due to a softening crypto market, but its future remains promising. From $1.4 billion in sales back in 2022 to now generating $4.6 billion over the past four quarters, its growth has been incredibly impressive. The company is also profitable, and although it may be a bit pricey, trading at 46 times its trailing profits, the growth potential it possesses can still make it a great option if you're looking for a top stock to buy and hold for the long haul.
Uber Technologies Rounding out this list of solid growth stocks is Uber Technologies. Although it's down 10% this year, it has risen by around 50% over the past five years. Currently, it's trading at around $74, not far from its 52-week low of just over $67.
Uber's business looks stellar; its revenue last year totaled $52 billion, with more than $10 billion of that flowing to the bottom line. What's promising about the business is just how much more growth is ahead for the company. Known for its ride-hailing services, the company's app could be vital in the growth and rising adoption of robotaxis in the future. Plus, there are still many opportunities for the business to expand internationally.
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At a price-to-earnings multiple of just 18, this is the cheapest stock on this list, and it may offer the most value and upside for investors in the long run.
Financial platform Robinhood Markets says it is laying off 10% of its staff.
The job cuts are part of the company’s “efforts to maintain a high performance culture, further accelerate product velocity, and remain lean and disciplined,” Robinhood said in a Tuesday (June 16) Securities and Exchange Commission (SEC) filing.
The filing added that Robinhood “is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels across equities, options and prediction markets.”
A report on the cuts by the Wall Street Journal (WSJ) said the layoffs, which will eliminate around 290 jobs, are Robinhood’s first cuts in three years. The report also cited a note to employees from CEO Vlad Tenev who said Robinhood’s business has never been stronger.
“It is the hardest consequence of committing uncompromisingly to our values of being ‘lean & disciplined’ and demanding ‘high performance,’” Tenev wrote.
Robinhood reported a 15% increase in revenue during its most recent earnings, although its stock dipped as that figure fell short of analyst expectations.
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“The most striking feature of the quarter was not the revenue miss itself but the reshuffling of where that revenue comes from,” PYMNTS wrote at the time.
“Historically, Robinhood’s growth engine was powered by transaction-based activity, and especially cryptocurrency trading. That engine is now sputtering, with crypto trading revenue plunging roughly 47% year over year.”
In its place, two newer revenue sources have stepped into the limelight: subscription services and prediction markets.
This shift, PYMNTS added, marks a major evolution for the company, as it moves from being simply a brokerage to “a hybrid platform where investing, speculation and entertainment can increasingly blur.”
That evolution continued last week when Tenev announced Robinhood could now serve as an underwriter for initial public offerings (IPOs).
Tenev also announced in May that Robinhood’s first fund, aimed at giving retail investors greater access to private markets, had attracted 150,000 customers.
“It’s also just the beginning,” Tenev said in a speech at the WSJ’s Future of Everything event.
“The aspiration is, if you’re a company raising a seed round and a Series A round, so just first capital, retail should be a big chunk of that round, much like it now is in the public markets, and we should let those people in at the ground floor so that they can actually benefit from this potential appreciation that’s increasingly happening in the private markets.”
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In announcing layoffs, Robinhood CEO Vlad Tenev said the company must "continuously raise our own bar." Adam Gray/Bloomberg via Getty Images Robinhood has a message for workers losing their jobs: The company isn't struggling. You are.
That's the crux of Tuesday's layoff memo from the CEO of the trading platform. It's the latest example of a high-profile company trimming head count while simultaneously saying it's doing well.
"Robinhood's business has never been stronger," wrote Vlad Tenev while announcing plans to reduce 10% of the company's workforce. Robinhood had 2,900 full-time employees at the end of 2025, according to a February securities filing.
Tenev didn't explicitly call the "Robinhoodies" being let go low performers, as Meta CEO Mark Zuckerberg did of staff booted from his Facebook parent last year. Tenev did, though, draw a clear contrast between the workforce Robinhood is shedding and the one it wants to keep.
"Our execution is strong today, but our ambitions require us to continuously raise our own bar," he wrote, while saying he was grateful to those departing. "The goal is to maximize our talent density."
Anthony Klotz, a professor at the University College London School of Management, said the memo's subtext is clear: "This was a performance-based decision."
'No job is 100% secure'Tenev's statement illustrates how the rationale for layoffs has evolved in recent years. Instead of citing weak business conditions, some executives are arguing that cuts are necessary to create leaner organizations staffed by fewer, higher-performing employees. For workers losing their jobs, though, the distinction may offer little comfort.
"The overarching message for everybody is that no job is 100% secure," said Lee Harding, a recruiter for a global search firm.
For those at Robinhood in particular, he expects the takeaway to also be personal: If he were among those let go, he said he'd interpret Tenev's message as meaning "I'm not good enough."
Robinhood declined to comment.
In a securities filing Tuesday, Robinhood said the cuts come as June's month-to-date average daily trading volumes hit record levels across equities, options, and prediction markets. That follows the company's April report that first-quarter cryptocurrency revenue dropped 47% year over year to $134 million, reflecting weaker retail trading amid a slump in crypto markets.
Operating leanMicrosoft, Block, and several other employers have also described their businesses as robust while conducting layoffs. Some have cited AI as a reason for job cuts while also encouraging still-employed workers to embrace the technology.
A common thread in recent layoff memos is a desire to cut down on middle-management layers. The change reflects lessons from companies' overhiring during the pandemic, AI's automation capabilities, and economic uncertainty, said Melissa Swift, founder and CEO of organizational consultancy Anthrome Insight.
"When you operate lean, you can pivot more quickly," she said.
Robinhood framed the job cuts around removing layers, demanding "high performance," and creating opportunities for its "most talented people." Those words appear to be aimed as much at the workers who remain as those who are leaving, said Richard Smith, a professor at Johns Hopkins Carey Business School who runs the Human Capital Development Lab.
"Organizations aren't firing their top talent," he said, meaning that others could be at risk.
Moving forwardOn one hand, the memo could create anxiety for those who remain.
"Workers left behind are likely thinking: 'I could be the low performer tomorrow,' " Swift said.
Alternatively, Robinhood's language could reassure workers who survived the cuts that management views them as part of the company's future and believes it has retained its strongest people, Smith said.
Signaling an intent to "take care of the remainder" can ease concerns among workers — and prospective employees — who could worry that more layoffs are coming, he added.
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Sarah E. Needleman You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Sarah E. Needleman covers leadership and the workplace for Business Insider.Previously, she was a reporter for The Wall Street Journal for more than two decades, covering technology companies, entrepreneurship and executive recruiting. In 2022, Sarah received an honorable mention with WSJ colleagues for their coverage of workplace misconduct at Activision Blizzard from the Society for Advancing Business Editing and Writing.Sarah graduated from Rutgers University in 1997 with a bachelor's degree in journalism. She lives with her husband, daughter, and a fur child (an Australian labradoodle) in northern New Jersey.
Tim Paradis You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Tim reports on the workplace and how forces like automation, artificial intelligence, and remote work will reshape how many of us make a living. Previously, Tim was Business Insider's future-of-business editor where he oversaw coverage of sustainability; diversity, equity, and inclusion issues; the future of work; careers; and C-suite developments. He previously worked in various corporate research roles, in higher ed, and wrote about Wall Street and the stock market for the Associated Press.Contact Tim via email or the encrypted messaging app Signal at tparadis.70.Links to some of his most popular stories:
Meta and Salesforce are looking to rehire some workers they just laid off. It's putting those people in an awkward spot.I thought I landed my dream job at Amazon. But after being put on an impossible performance plan, I quit even though I lost a $110,000 deposit on a house.Gen Z calls it 'quiet quitting.' Millennials call it setting boundaries. Gen X calls it 'slacking off.' 3 generations unpack the buzzy workplace trend.Meta's latest round of layoffs will hurt productivity and damage employee moraleYes, there are work-from-home jobs nobody wantsEmployers need to stop treating workers like 7th graders, says ADP talent expert Layoffs
Robinhood's (HOOD 1.44%) stock closed at a record high of $152.46 per share on Oct. 9, 2025. It had more than quadrupled from its IPO price of $38 in July 2021. The ongoing bull market, which began in 2022, was attracting new users and boosting its revenues.
But as of this writing, Robinhood's stock trades at about $97. While we're still firmly in a bull market, concerns about inflation, the Middle East conflict, and potential interest rate hikes are all driving investors toward more conservative investments. That lower trading volume will likely discourage active trading and throttle Robinhood's growth. The S&P 500 also looks expensive at nearly 30 times earnings -- so the next bear market could be right around the corner.
Image source: Getty Images.
Those fears pulled Robinhood's stock down from its all-time highs, but could it skyrocket and set new highs in the next bull market? Let's review its longer-term catalysts to find out.
How fast is Robinhood growing? Robinhood disrupted traditional brokerages by offering commission-free trades on its streamlined app. From 2020 to 2025, its annual revenue surged from $959 million to $4.5 billion, while its total funded customers more than doubled from 12.5 million to 27.0 million. Many of those customers were younger, first-time investors with smaller accounts.
Robinhood also ended 2025 with 4.2 million Gold subscribers, who pay $5 a month (or $50 annually) for interest-free margin, lower margin rates, higher interest rates on uninvested cash, and other perks. That represented 58% growth from the end of 2024.
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Robinhood is firmly profitable, and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- which tunes out the noise from its recent acquisitions, stock-based compensation, and other one-time expenses -- turned positive in 2023, rose 167% in 2024, and grew another 76% to $2.5 billion in 2025. That bottom-line growth was driven by higher interest rates, higher fees from crypto and options trades, and Robinhood Gold's expansion.
How much higher could its stock go? From 2025 to 2028, analysts expect Robinhood's revenue and adjusted EBITDA to both grow at CAGRs of about 15%. With an enterprise value of $82 billion, it might seem a bit pricey at 32 times this year's adjusted EBITDA. Still, its popularity among younger investors, its growth in Gold memberships, and its expanding fintech ecosystem (including prediction markets trading) could justify that higher valuation.
It's impossible to tell when the next bear and bull markets will happen, but Robinhood is a resilient company that has already endured several boom-and-bust cycles since its 2021 IPO. If it matches analysts' estimates and maintains its EV/EBITDA ratio through 2028, its stock could easily rise by more than 50% over the next two years.
New AI-native orchestration capability helps coordinate AI agents, robots, people, applications, and data, across complex, evolving enterprise business processes
NEW YORK--(BUSINESS WIRE)--UiPath, Inc. (NYSE: PATH), a leader in business orchestration and automation, today announced Maestro Case, a new AI-native UiPath agentic case management capability. Available today as part of the UiPath Maestro™ business orchestration capabilities, Maestro Case extends governed orchestration and automation to complex and exception-laden case management, allowing enterprises to manage dynamic, long-running cases with greater visibility, control, and execution speed.
“Modern case management is no longer about tracking work—it’s about orchestrating dynamic complex processes, where exceptions are the norm,” said Raghu Malpani, Chief Technology & Product Officer, UiPath.
ShareIn a recent UiPath survey of nearly 600 C-Suite and IT practitioners at large companies ($1B+ in revenue), 52% reported that the presence of hybrid workflows—a combination of static, repeatable processes and dynamic, context-dependent processes—across their day-to-day operations. Those dynamic processes, such as customer requests, investigations, and approvals, are managed through disconnected emails, spreadsheets, and point solutions, creating delays, inconsistent outcomes, and limited visibility.
Without a coordinated view of a case, with people, systems, data, and AI agents in a single workflow, it becomes difficult to ensure the right actions occur at the right time. Additionally, the valuable context of those actions can be lost as the case moves through teams and the organization, impacting resolution speed, compliance, and transparency, making it harder to scale operations without increasing complexity.
Maestro Case is designed for enterprises living in hybrid environments that need more than orchestrating defined paths. As a new capability with UiPath Maestro, Maestro Case treats the case as a dynamic business entity that carries its data, participants, timeline, and execution context across stages, actors, and systems. Configurable case and stage management agents help move work forward, while robots, AI agents, and people execute tasks within governed workflows. Human review and escalation can be built into the process for exceptions, compliance needs, and decisions requiring judgment. Additionally, as an AI-native offering, Maestro Case is fully supported by any coding agent of choice across every stage of a case, including build, test, debug, deploy, and operate.
“Modern case management is no longer about tracking work—it’s about orchestrating dynamic complex processes, where exceptions are the norm,” said Raghu Malpani, Chief Technology & Product Officer, UiPath. “With Maestro Case, organizations can bring together people, AI agents, systems, and business processes into a single coordinated experience. Teams can resolve complex cases faster, adapt to changing business needs, and deliver the visibility, governance, and agility required in today's enterprise environment.”
Early design adopters are already seeing measurable results, reporting a 60–80% reduction in average case handling time, a three-to-five times increase in cases resolved without human intervention, and SLA compliance improvements of more than 25 percentage points. One financial services adopter projects more than $12 million in annual savings from leveraging Maestro Case to automate dispute resolution and KYC case workflows.
Maestro Case is available today as part of the Maestro business orchestration product set; for more information, click here.
About UiPath
UiPath (NYSE: PATH) is a leader in business orchestration and automation, trusted by organizations worldwide to transform enterprise complexity into intelligent, secure operations where AI agents reason, robots act, and people lead. Built for the modern enterprise and the world's most regulated industries, UiPath integrates automation, orchestration, AI, and testing into governed, scalable workflows—unlocking innovation at the speed of business while delivering the controls and compliance enterprise leaders demand. Visit www.uipath.com for more information.
In the latest close session, Monday.com (MNDY - Free Report) was down 2.2% at $75.56. The stock's performance was behind the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Prior to today's trading, shares of the project management software developer had lost 1% lagged the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Monday.com will be of great interest to investors. The company is expected to report EPS of $1.14, up 4.59% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $354.95 million, showing a 18.71% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.49 per share and a revenue of $1.47 billion, demonstrating changes of +2.05% and +19.34%, respectively, from the preceding year.
Any recent changes to analyst estimates for Monday.com should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Monday.com is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Monday.com is currently trading at a Forward P/E ratio of 17.23. This indicates a discount in contrast to its industry's Forward P/E of 18.65.
We can also see that MNDY currently has a PEG ratio of 1.37. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.05.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
ALPHARETTA, Ga.--(BUSINESS WIRE)--Blackstone Credit & Insurance (“BXCI”) today announced the launch of SablePointe Credit Strategies (“SablePointe”), a new platform supporting origination, underwriting, and portfolio management in asset-based lending. SablePointe has hired James Garlick, former co‑founder of Wingspire, as President to lead its buildout and strategic growth.
Headquartered in Alpharetta, Georgia, SablePointe will support BXCI as it sources, structures, and manages senior secured asset-based and first-out credit facilities for corporate borrowers, drawing on the longstanding sponsor and intermediary relationships of the BXCI and SablePointe teams. The platform complements BXCI’s scale, capital, and global reach with specialized industry knowledge and structuring expertise.
“This is an important new platform for origination and strengthens our ability to be a one-stop capital solutions provider for companies,” said Aneek Mamik, Head of Financial Services for Asset Based Finance for BXCI. “We look forward to working with James and his team to originate high-quality opportunities across the asset-based lending markets.”
“The combination of SablePointe’s expertise and BXCI’s scale and existing corporate lending platform will be powerful for both borrowers and our investors,” added Brad Marshall, Global Head of Private Credit Strategies for BXCI.
“It is a tremendous opportunity and a privilege to partner with Blackstone in launching SablePointe,” said James Garlick, President of SablePointe. “We are in the early innings of building a foundation that will support a strategy for BXCI that we expect to grow meaningfully over time, delivering thoughtful credit solutions, disciplined execution, and exceptional service to borrowers, sponsors, and investors.”
SablePointe will initially support BXCI’s asset-based and first-out direct lending credit strategies, with plans to extend its support across additional specialty asset classes over time.
Crown Partners served as exclusive financial advisor to Blackstone in connection with the launch of SablePointe Credit Strategies.
About SablePointe Credit Strategies
SablePointe Credit Strategies is a Blackstone portfolio company supporting Blackstone Credit & Insurance’s origination, underwriting, and portfolio management capabilities across asset-based lending, first-out credit products, and a growing range of specialty asset classes. Additional information is available at www.sablepointecredit.com.
About Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
Two of the largest asset managers on Wall Street are rewriting the rules of AI infrastructure financing, and the deal they just made public is sure to have a substantial impact on the industry as a whole. What does it mean in particular for Micron (MU 5.50%) and Nvidia (NVDA 2.16%), two of the biggest winners of the AI build-out thus far?
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The money keeps pouring into AI Apollo Global Management (APO +1.74%) and Blackstone (BX +2.60%) finalized a $35 billion financing deal to aid Anthropic in its expansion efforts. The agreement is one of the largest private credit deals ever.
The deal is structured using a Special Purpose Vehicle (SPV) to purchase Tensor Processing Units (TPUs) from Alphabet's Google. Those will then be leased to Anthropic. Through this structure, Anthropic will keep the hardware off its balance sheet. This will be a useful financial tool as Anthropic prepares for its initial public offering. Those TPUs will be deployed in data centers starting sometime this year and will expand Anthropic's compute capacity by 1 gigawatt (GW).
Broadcom is also an integral part of the deal and is providing a crucial credit endorsement through residual value guarantees for $30 billion in debt tranches. Apollo's Atlas SP Partners contributed an additional $800 million in equity.
Broadcom CEO Hock Tan explained that the company is building an "AI XPV platform" with Apollo, Blackstone, and other top investors to deploy over 20 GW of compute through 2028 for both Anthropic and OpenAI.
Image source: The Motley Fool.
Nvidia's making room at the top This isn't a great deal for Nvidia. The entire agreement is built on Google TPUs, not Nvidia's GPUs. Anthropic is deepening its relationship with Google. Will this ruin Nvidia's dominance? Absolutely not, but it does carve out space for another winner.
Micron, on the other hand, could benefit tremendously. Regardless of which company's accelerators are providing the computing capacity, AI data centers can't operate effectively without scads of high-bandwidth memory. Micron is one of just three companies that can make it at scale. As the GPU versus TPU debate continues, Micron won't have to pick a side. It will supply memory to both. As such, this deal should be yet another boon for Micron's shareholders.
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The AI build-out will require an additional $1.5 trillion in outside financing through 2028, according to Morgan Stanley. Private credit will undoubtedly play a major role. This Apollo and Blackstone deal is just the beginning and truly a template for what is to come in terms of innovative deal structures. Investors in companies such as Nvidia and Micron should take away two things: Competition among semiconductor companies is intense, and the demand for memory is only increasing.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Blackstone, Broadcom, Micron Technology, and Nvidia. The Motley Fool has a disclosure policy.
CME Group benefits from heightened volatility and record derivatives volumes, driven by regime shifts in Fed policy and persistent macro uncertainty. Recent years show a structural increase in extreme trading sessions, with open interest and leveraged basis trades reaching unprecedented levels. I assign a Buy rating to CME, as its toll-collecting model thrives amid disagreement over rates and ongoing funding guarantees from the Fed.
On June 16, 2026, we conduct a DCF analysis for CME Group Inc CME , which has shown mixed price performance recently. The stock has increased by 6.1% over the past week but has decreased by 10.5% in the last month. Year-to-date, it has only gained 0.3%, and over the past year, it has risen by 2.6%. Here are some key points from our analysis:
DCF Earnings-based intrinsic value of $193.55 vs current price of $266.08 (margin of safety: -37.5%) DCF FCF-based intrinsic value of $189.44 vs current price (second opinion shows -40.5% margin of safety) GF Score™ of 88/100 indicates strong reliability of the DCF inputs What Is CME Worth? DCF Earnings-Based Model The DCF earnings-based model for CME Group Inc uses a two-stage growth approach. In the first stage, we project earnings growth for the next ten years, followed by a terminal phase where growth stabilizes. The assumptions for this model are summarized in the table below:
Parameter Value Current EPS (TTM, excl. non-recurring) $11.77 10-Year Growth Rate 10.4% 10-Year Treasury Rate 4.44% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the first stage (Years 1-10), we expect EPS to grow at 10.4% annually, discounted at a rate of 11%. The value derived from this growth stage is $114.26 per share. In the second stage (Years 11-20), we assume a terminal growth rate of 4%, also discounted at 11%, resulting in a terminal stage value of $79.29 per share. The calculation summary is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 10.4%, discounted at 11% $114.26 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $79.29 Intrinsic Value Growth + Terminal $193.55 Comparing the current price of $266.08 with the intrinsic value of $193.55 indicates that CME is modestly overvalued, with a margin of safety of -37.5%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research shows stock prices correlate more closely with earnings than free cash flow. For more detailed calculations, visit the CME DCF Calculator.
What Does the Free Cash Flow DCF Say? The free cash flow (FCF) based intrinsic value for CME Group Inc is calculated at $189.44. When compared to the earnings-based intrinsic value of $193.55, both models suggest that CME is modestly overvalued, with the FCF model indicating a margin of safety of -40.5%. This reinforces the notion that the stock is trading above its intrinsic value based on both earnings and cash flow assessments.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for CME Group Inc is calculated at $270.47, providing a third perspective on the valuation. GF Value™ is GuruFocus' proprietary measure derived from historical trading multiples, past business growth, and future performance estimates. While the DCF models indicate that CME is overvalued, GF Value™ suggests a slight undervaluation. This discrepancy highlights the importance of considering multiple valuation methods. For more information, visit the GF Value™ page.
What Does CME's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns based on backtested data from 2006-2021. The GF Score™ for CME is 88/100, indicating strong fundamentals. The table below summarizes the key metrics:
Metric Rating GF Score™ 88/100 Financial Strength 5/10 Profitability 8/10 Growth 10/10 Valuation 9/10 Momentum 4/10 The predictability rank for CME is 2/5 stars, indicating that the DCF model may be less reliable for this stock due to its lower predictability. For further insights, visit the CME stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as CME's 2/5 stars, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions.
What This Means for Investors In summary, all three valuation models—DCF earnings, DCF FCF, and GF Value™—suggest that CME Group Inc is currently overvalued. The earnings-based intrinsic value is $193.55, the FCF-based intrinsic value is $189.44, and the GF Value™ is $270.47, indicating a range of perspectives on the stock's valuation. Overall, the consensus points towards CME being overvalued at its current price of $266.08. For the full DCF analysis, visit the CME DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is CME's intrinsic value based on DCF?
Answer: earnings-based $193.55, FCF-based $189.44
Is CME overvalued or undervalued?
Answer: CME is currently overvalued based on DCF and GF Value™ consensus.
How reliable is the DCF model for CME?
Answer: The DCF model's reliability is limited due to a predictability rank of 2/5.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Enables engineers to evaluate photonic systems from device physics through full optical link performance within a connected workflow
SANTA ROSA, Calif.--(BUSINESS WIRE)--Keysight Technologies, Inc. (NYSE: KEYS) today announced that it completed the acquisition of VPIphotonics on June 9, 2026, adding system-level simulation to its photonic design automation portfolio and enabling optical and electrical engineers to advance designs from component to complete link within a single environment.
Demand for silicon photonics and co-packaged optics continue to grow across data center and AI infrastructure markets. As complexity rises and timelines tighten, engineering teams need simulation that carries a design across every domain without the manual handoffs that slow development and introduce error.
Keysight's photonic design automation portfolio now reaches from device physics to full system behavior. RSoft handles device-level simulation for waveguides, gratings, modulators, and laser sources. Photonic Designer delivers comprehensive circuit-level design and verification for photonic integrated circuits. The acquisition of VPIphotonics now strengthens Keysight's circuit-level design capabilities and extends its photonic design automation portfolio to the system level with VPIphotonics Design Suite. This will enable Keysight to deepen and significantly enhance the design workflow by leveraging industry-leading solutions that the two companies have been shipping for years.
One example of this integrated workflow is VPI Optical Link in Keysight ADS, which enables simulation of the full transceiver path in a single analysis, from electrical to optical and back to electrical (E-O-E). Engineers can then predict how the whole link will perform, including bit error rate, without moving a design between separate electrical and optical tools. Because the workflow connects to Keysight's high-speed digital tools and test instruments, simulation aligns with bench measurements. As a result, issues surface earlier and teams require fewer prototype iterations.
Dr. André Richter, General Manager, VPIphotonics, said: “We have been supporting our customers with value-adding photonic design tools for high-demand applications for decades. Joining Keysight means we can engineer powerful, more complete workflow solutions to serve our customers better.”
Nilesh Kamdar, General Manager, Keysight EDA, said: “Photonics design complexity continues to increase for our customers, especially for those working at speeds greater than 1 THz. Having a complete suite of tools that address these challenges from device to system is crucial. We’re excited to welcome the VPIphotonics team to Keysight and help us address the critical design challenges our joint customers face.”
Terms of the transaction have not been disclosed.
Resources
Web Page: Photonic Design Automation Software Web Page: VPIphotonics About Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.
Keysight Technologies, Inc. (NYSE: KEYS) today announced that it completed the acquisition of VPIphotonics on June 9, 2026, adding system-level simulation to its photonic design automation portfolio and enabling optical and electrical engineers to advance designs from component to complete link within a single environment.
Demand for silicon photonics and co-packaged optics continue to grow across data center and AI infrastructure markets. As complexity rises and timelines tighten, engineering teams need simulation that carries a design across every domain without the manual handoffs that slow development and introduce error.
Keysight's photonic design automation portfolio now reaches from device physics to full system behavior. RSoft handles device-level simulation for waveguides, gratings, modulators, and laser sources. Photonic Designer delivers comprehensive circuit-level design and verification for photonic integrated circuits. The acquisition of VPIphotonics now strengthens Keysight's circuit-level design capabilities and extends its photonic design automation portfolio to the system level with VPIphotonics Design Suite. This will enable Keysight to deepen and significantly enhance the design workflow by leveraging industry-leading solutions that the two companies have been shipping for years.
One example of this integrated workflow is VPI Optical Link in Keysight ADS, which enables simulation of the full transceiver path in a single analysis, from electrical to optical and back to electrical (E-O-E). Engineers can then predict how the whole link will perform, including bit error rate, without moving a design between separate electrical and optical tools. Because the workflow connects to Keysight's high-speed digital tools and test instruments, simulation aligns with bench measurements. As a result, issues surface earlier and teams require fewer prototype iterations.
Dr. André Richter, General Manager, VPIphotonics, said: “We have been supporting our customers with value-adding photonic design tools for high-demand applications for decades. Joining Keysight means we can engineer powerful, more complete workflow solutions to serve our customers better.”
Nilesh Kamdar, General Manager, Keysight EDA, said: “Photonics design complexity continues to increase for our customers, especially for those working at speeds greater than 1 THz. Having a complete suite of tools that address these challenges from device to system is crucial. We’re excited to welcome the VPIphotonics team to Keysight and help us address the critical design challenges our joint customers face.”
Terms of the transaction have not been disclosed.
Resources
Web Page: Photonic Design Automation SoftwareWeb Page: VPIphotonicsAbout Keysight Technologies
At Keysight (NYSE: KEYS), we inspire and empower innovators to bring world-changing technologies to life. As an S&P 500 company, we’re delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product life cycle. We’re a global innovation partner enabling customers in communications, industrial automation, aerospace and defense, automotive, semiconductor, and general electronics markets to accelerate innovation to connect and secure the world. Learn more at Keysight Newsroom and www.keysight.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616519087/en/
As frontier AI models compress the entire attack lifecycle, Check Point and Illumio combine perimeter defense with breach containment so organizations can stop attacks at the edge, and contain them if they get through
, /PRNewswire/ -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, and Illumio Inc., the breach containment company, today announced an expanded strategic partnership to help organizations defend against a new category of threat: frontier AI models capable of autonomously executing full-scale attacks at machine speed.
"Security teams are being asked to defend environments that are moving faster and that are more complex — against attackers who are using AI to do in minutes what used to take weeks," said Paul Barbosa, VP of Cloud & SASE at Check Point. "Expanding our partnership both in terms of joint product development and go-to-market with Illumio gives our customers something attackers don't want them to have: a coordinated defense that works on both sides of the perimeter. Check Point prevents threats from getting in. Illumio ensures they can't run free if they do. Together, we are working to close the gap that every attacker is looking to exploit."
Frontier AI models are changing the nature of cyber attacks. Adversaries can now compress the entire attack lifecycle — discovery, exploitation, and lateral movement — into a single, automated sequence with little or no human involvement. The window between initial access and catastrophic breach is collapsing. For security teams already stretched thin, the critical question is no longer, "can we stop the attack at the door?" It's "if something gets in, can we find it and stop it from spreading before the damage is done?"
This expanded partnership is built to answer both questions. Check Point delivers the industry's best security for the perimeter, data center, and networks — with the best real-time threat prevention against unknown attacks and the most comprehensive Zero Trust security available. Illumio addresses what happens inside the network: visibility into how workloads communicate, exposure of attack paths, and microsegmentation controls that protect critical assets and contain breaches before they cascade into disasters. Together, the two companies deliver protection and resilience as a unified capability. Customers can now procure Illumio directly through Check Point, simplifying vendor consolidation and accelerating deployment.
Building on the 2025 integration with Illumio Insights, which helped security teams connect Check Point threat intelligence with workload visibility to detect lateral movement risk, the expanded partnership now adds deep integration with Illumio Segmentation. Security teams can align Check Point firewall policy with Illumio's workload model across hybrid and multi-cloud environments, reducing unnecessary connectivity and making it significantly harder for attackers to move undetected through the network once inside.
"AI is compressing the time between intrusion and impact, fundamentally changing the math for defenders," said Andrew Rubin, CEO and founder of Illumio. "Cyber security now has two jobs: prevent what you can, and for everything else, find it fast and stop it from spreading. That's exactly why Illumio and Check Point are working together—to help organizations change that math and contain attacks before they become disasters."
The result is a more complete security architecture for the AI era. Check Point's prevention-first enforcement stops threats at key network boundaries. Illumio Insights surfaces suspicious movement and attack paths across hybrid environments. And Illumio Segmentation, now more tightly aligned with Check Point firewall policy, limits how far any threat can travel once inside. For security teams managing more systems, more connectivity, and more change than ever before, this combination means faster detection, smarter decisions, and incidents contained before they become disasters.
"IDC forecasts microsegmentation to grow at 23.5% CAGR as organizations shift from evaluation to scaled deployment, with 96% of buyers experiencing a noticeable improvement in security posture, cyber resiliency, and ransomware preparedness. However, customers today are often overburdened with disparate tools and products, and IDC research shows that 98.3% of microsegmentation buyers prefer their solution to have tight integration with SASE, firewall, or other zero trust technologies," said Pete Finalle, Research Manager at IDC. "This partnership directly addresses these concerns, as microsegmentation and the broader network security stack are integrated as a coherent platform that simplifies limiting lateral movement and enforcing zero trust at scale."
The expanded integration is available now for joint Check Point and Illumio customers. Additional details, including technical integration guidance, are available in the Check Point and Illumio white paper.
Follow Check Point on LinkedIn, X, Facebook, YouTube and our Corporate Blog
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a global cyber security leader protecting more than 100,000 organizations worldwide. Its mission is to secure enterprises' AI transformation. With a prevention-first approach and an open ecosystem architecture, Check Point helps organizations block advanced threats, prioritize exposures, and automate security operations across complex digital environments. The unified architecture simplifies protection across hybrid networks, multi-cloud environments, digital workspaces, and AI systems. Structured around four strategic pillars, Hybrid Mesh Network Security, Workspace Security, Exposure Management, and AI Security, Check Point delivers consistent protection and visibility across multivendor environments, enabling organizations to reduce risk, improve efficiency, and accelerate innovation without increasing complexity.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 31, 2026. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.
About Illumio
Illumio is the leader in ransomware and breach containment, redefining how organizations contain cyberattacks and enable operational resilience. Powered by an AI security graph, our breach containment platform identifies and contains threats across hybrid multi-cloud environments – stopping the spread of attacks before they become disasters.
Recognized as a Leader in the Forrester Wave™ for Microsegmentation, Illumio enables Zero Trust, strengthening cyber resilience for the infrastructure, systems, and organizations that keep the world running.
As frontier AI models compress the entire attack lifecycle, Check Point and Illumio combine perimeter defense with breach containment so organizations can stop attacks at the edge, and contain them if they get through
, /PRNewswire/ -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, and Illumio Inc., the breach containment company, today announced an expanded strategic partnership to help organizations defend against a new category of threat: frontier AI models capable of autonomously executing full-scale attacks at machine speed.
"Security teams are being asked to defend environments that are moving faster and that are more complex — against attackers who are using AI to do in minutes what used to take weeks," said Paul Barbosa, VP of Cloud & SASE at Check Point. "Expanding our partnership both in terms of joint product development and go-to-market with Illumio gives our customers something attackers don't want them to have: a coordinated defense that works on both sides of the perimeter. Check Point prevents threats from getting in. Illumio ensures they can't run free if they do. Together, we are working to close the gap that every attacker is looking to exploit."
Frontier AI models are changing the nature of cyber attacks. Adversaries can now compress the entire attack lifecycle — discovery, exploitation, and lateral movement — into a single, automated sequence with little or no human involvement. The window between initial access and catastrophic breach is collapsing. For security teams already stretched thin, the critical question is no longer, "can we stop the attack at the door?" It's "if something gets in, can we find it and stop it from spreading before the damage is done?"
This expanded partnership is built to answer both questions. Check Point delivers the industry's best security for the perimeter, data center, and networks — with the best real-time threat prevention against unknown attacks and the most comprehensive Zero Trust security available. Illumio addresses what happens inside the network: visibility into how workloads communicate, exposure of attack paths, and microsegmentation controls that protect critical assets and contain breaches before they cascade into disasters. Together, the two companies deliver protection and resilience as a unified capability. Customers can now procure Illumio directly through Check Point, simplifying vendor consolidation and accelerating deployment.
Building on the 2025 integration with Illumio Insights, which helped security teams connect Check Point threat intelligence with workload visibility to detect lateral movement risk, the expanded partnership now adds deep integration with Illumio Segmentation. Security teams can align Check Point firewall policy with Illumio's workload model across hybrid and multi-cloud environments, reducing unnecessary connectivity and making it significantly harder for attackers to move undetected through the network once inside.
"AI is compressing the time between intrusion and impact, fundamentally changing the math for defenders," said Andrew Rubin, CEO and founder of Illumio. "Cyber security now has two jobs: prevent what you can, and for everything else, find it fast and stop it from spreading. That's exactly why Illumio and Check Point are working together—to help organizations change that math and contain attacks before they become disasters."
The result is a more complete security architecture for the AI era. Check Point's prevention-first enforcement stops threats at key network boundaries. Illumio Insights surfaces suspicious movement and attack paths across hybrid environments. And Illumio Segmentation, now more tightly aligned with Check Point firewall policy, limits how far any threat can travel once inside. For security teams managing more systems, more connectivity, and more change than ever before, this combination means faster detection, smarter decisions, and incidents contained before they become disasters.
"IDC forecasts microsegmentation to grow at 23.5% CAGR as organizations shift from evaluation to scaled deployment, with 96% of buyers experiencing a noticeable improvement in security posture, cyber resiliency, and ransomware preparedness. However, customers today are often overburdened with disparate tools and products, and IDC research shows that 98.3% of microsegmentation buyers prefer their solution to have tight integration with SASE, firewall, or other zero trust technologies," said Pete Finalle, Research Manager at IDC. "This partnership directly addresses these concerns, as microsegmentation and the broader network security stack are integrated as a coherent platform that simplifies limiting lateral movement and enforcing zero trust at scale."
The expanded integration is available now for joint Check Point and Illumio customers. Additional details, including technical integration guidance, are available in the Check Point and Illumio white paper.
Follow Check Point on LinkedIn, X, Facebook, YouTube and our Corporate Blog
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a global cyber security leader protecting more than 100,000 organizations worldwide. Its mission is to secure enterprises' AI transformation. With a prevention-first approach and an open ecosystem architecture, Check Point helps organizations block advanced threats, prioritize exposures, and automate security operations across complex digital environments. The unified architecture simplifies protection across hybrid networks, multi-cloud environments, digital workspaces, and AI systems. Structured around four strategic pillars, Hybrid Mesh Network Security, Workspace Security, Exposure Management, and AI Security, Check Point delivers consistent protection and visibility across multivendor environments, enabling organizations to reduce risk, improve efficiency, and accelerate innovation without increasing complexity.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding our products and solutions, our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 31, 2026. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.
About Illumio
Illumio is the leader in ransomware and breach containment, redefining how organizations contain cyberattacks and enable operational resilience. Powered by an AI security graph, our breach containment platform identifies and contains threats across hybrid multi-cloud environments – stopping the spread of attacks before they become disasters.
Recognized as a Leader in the Forrester Wave™ for Microsegmentation, Illumio enables Zero Trust, strengthening cyber resilience for the infrastructure, systems, and organizations that keep the world running.
View original content to download multimedia:https://www.prnewswire.com/news-releases/check-point-and-illumio-expand-partnership-to-deliver-protection-and-resilience-against-frontier-ai-powered-attacks-302801966.html
NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Zscaler, Inc. (“Zscaler” or the “Company”) (NASDAQ: ZS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Zscaler and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 26, 2026, Zscaler reported its financial results for the third quarter of its 2026 fiscal year. Although Zscaler’s revenue and earnings exceeded expectations, the Company guided for current-quarter revenue of between $875 million to $878 million, falling short of the $879 million consensus expectation.
On this news, Zscaler’s stock price fell $58.19 per share, or 31.52%, to close at $126.41 per share on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Forget about the Permian Basin, Guyana, or other oil-rich regions that integrated oil and gas companies have been actively exploring in recent years. Oil and gas giant ConocoPhillips (NYSE: COP) is setting its sights north, far north, to Alaska's North Slope.
While Alaska has been a major oil exploration spot for decades, ConocoPhillips is not pouncing on some run-of-the-mill opportunity. Instead, the company has made this multibillion-dollar project a key component of its cash flow growth strategy.
If successful, this project, known as Willow, could produce billions in incremental cash flow by 2029. Coupled with other efforts, this dramatic surge in profitability could bode well for ConocoPhillips, one of the most widely followed oil stocks.
Image source: Getty Images.
ConocoPhillips and its Willow gambit Expected to cost up to $9 billion, ConocoPhillips' Willow project is the largest Alaskan North Slope energy exploration project in more than 20 years. While the price tag may seem hefty, the potential upside in crude oil production could be substantial. Company forecasts call for peak production of 180,000 barrels per day, with the site ultimately producing over 600 million barrels of recoverable oil.
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Although not expected to come online until early 2029, management expects it to have an immediate impact on profitability. Since last year, the company has touted it as the sort of grand finale of its efforts to increase annual cash flow between 2025 and the decade's end.
As discussed in communications to investors, ConocoPhillips remains "well positioned to deliver an expected $7 billion in incremental free cash flow by 2029, including $1 billion each year from 2026 through 2028."
In other words, the company expects to wring out $3 billion in additional cash flow through standard cost-reduction measures, with the remaining $4 billion covered by cash flows from the Willow project.
Does this put shares in the buy zone? Considering ConocoPhillips reported operating cash flow of $19.8 billion in 2025, an incremental $7 billion within three years is quite an improvement. Not only would this increased cash flow likely lead to further dividend growth, but it would also likely continue or even expand the company's share repurchase program.
Assuming much of this cash flow also hits the bottom line, it'll likely serve as an upward driver for ConocoPhillips shares. Trading for around 11 times forward earnings, a slight discount to peers such as ExxonMobil, one can argue that investors have yet to even partially factor in the potential upside from the Willow project.
There may be a good reason for this. ConocoPhillips' forecasts hinge heavily on crude oil staying above $70 per barrel. Oil markets can be unpredictable. It's unclear how factors like geopolitics and global economic health impact energy prices, positively or negatively, four years out.
Nevertheless, while only time will tell whether ConocoPhillips' Willow gambit pays off, consider it a strong potential catalyst, atop a myriad of strengths. Besides a reasonable valuation, ConocoPhillips is also one of the top dividend oil stocks, with a 2.9% forward dividend, and over the past five years has experienced double-digit annual dividend growth.
Considering all factors, shares appear to be in the buy zone at current prices.
A drone view shows the Conoco gas plant after it came under the control of the Syrian government following the withdrawal of the U.S.-backed Syrian Democratic Forces (SDF), in the countryside... Purchase Licensing Rights, opens new tab Read more
CompaniesDAMASCUS, June 16 (Reuters) - The Syrian Petroleum Company, U.S.-based ConocoPhillips (COP.N),and energy firm Novaterra signed a deal in Damascus on Tuesday to develop new gas fields and expand production at existing fields, according to a joint statement.
Syria's energy infrastructure was ravaged by the country's nearly 14-year civil war and now produces only a fraction of the electricity it needs. Domestic natural gas production is estimated to have declined to 3 billion cubic metres in 2023 from 8.7 bcm in 2011.
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The three companies signed a memorandum of understanding in November to expand cooperation in the gas sector.
Syrian Energy Minister Mohamed al-Bashir said on Tuesday the deal aimed to improve the stability of Syria's electricity network and contribute to the country's economic recovery. He did not say which fields specifically were included.
"We were in country a number of decades ago, and this represents the re-entry of our company back into Syria in partnership with NovaTerra," Ryan Lance, Chairman and CEO of ConocoPhillips, said at a news conference in Damascus.
"We hope to grow the gas production in the country, and I hope that that expands beyond that to something even more significant for our company and more significant for the country of Syria," Lance said.
ConocoPhillips worked in Syria until about two decades ago. In May, it signed a deal with French oil major TotalEnergies (TTEF.PA), QatarEnergy and the Syrian Petroleum Company to launch a technical review of the offshore Block 3 area near the Syrian coastal city of Latakia.
Alex Macdonald, CEO of Novaterra Energy, told reporters in Damascus the company would be providing "training and providing access to cutting-edge software and technology" to build its operations in Syria.
Syrian President Ahmed al-Sharaa later hosted Lance, Macdonald and Syrian businessman Ayman Asfari, who is listed as a director of Novaterra, at the presidential palace.
The CEO of the Syrian Petroleum Company Youssef Qabalawi said last year that the deal would aim to increase gas output by 4 to 5 million cubic metres per day within a year.
Reporting by Firas Makdesi, Writing by Maya Gebeily; Editing by Sanjeev Miglani
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A sign marks the offices of Moderna in Cambridge, Massachusetts, U.S., July 22, 2025. REUTERS/Brian Snyder/File Photo Purchase Licensing Rights, opens new tab
BERLIN, June 17 (Reuters) - U.S. pharmaceutical company Moderna (MRNA.O), opens new tab is interested in investing in production facilities in Germany, with an eye on plants that its German rival BioNTech plans to close, CEO Stephane Bancel told the German business daily Handelsblatt on Wednesday.
"If we were to find the right partnership with the German government, these facilities would be an interesting option -compared with building a new one," Bancel said.
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Writing by Miranda Murray Editing by Tomasz Janowski
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SummaryCenovus Energy is positioned for robust Q2 cash flow, driven by higher oil prices and improved refining margins.CVE's strong free cash flow is expected to accelerate debt reduction, with net debt potentially nearing its CAD$4 billion target by year-end.With preferred shares fully bought back, CVE is poised to ramp up shareholder returns over the next year or so.Trading at less than 6x EV/EBITDA on 2027 estimates, CVE offers attractive value with production growth and increasing capital returns.Looking for a helping hand in the market? Members of Cash Flow Club get exclusive ideas and guidance to navigate any climate. Learn More »Sitewide Sale 2026: Get 20% Off Seiya Tabuchi/iStock via Getty Images
Article Thesis Cenovus Energy Inc. (CVE) is a Canadian energy company that offers strong production growth and that trades at a very undemanding valuation. I believe that during the second quarter, and possibly the third quarter, Cenovus Energy should generate huge cash
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of CVE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its second quarter financial results on Wednesday, June 24, 2026 after market close.
About Jefferies
Jefferies (NYSE: JEF) is one of the world’s leading full-service investment banking and capital markets firms. We primarily serve public companies, private companies, and their sponsors and owners, institutional investors, and government entities. Our services are enhanced by our relentless client focus, our differentiated insights and a flat and nimble operating structure. For more information: www.jefferies.com.
Key Takeaways Rocket Lab acquired Motiv Space Systems, adding robotics, motion-control and spacecraft technologies.The deal expands RKLB's capabilities in autonomous operations, spacecraft mobility and deep-space missions.Acquisitions are helping Rocket Lab diversify beyond launch services into broader space technologies. Rocket Lab Corporation (RKLB - Free Report) continues to use acquisitions as an important part of its long-term growth strategy, helping expand its technology portfolio and strengthen its position across the space industry. In May 2026, the company completed the acquisition of Motiv Space Systems, a California-based provider of space robotics, motion-control systems and precision spacecraft mechanisms.
The transaction adds advanced robotics capabilities with heritage across planetary exploration missions and expands Rocket Lab's ability to support more sophisticated spacecraft and exploration programs. The acquisition also broadens the company's technological reach into areas that support autonomous operations, spacecraft mobility and future deep-space missions.
In April 2026, Rocket Lab completed the acquisition of Mynaric AG, a provider of laser optical communications terminals for air, space and mobile applications. The acquisition strengthens Rocket Lab’s capabilities in satellite communications by adding technologies that support high-speed data transfer across satellite networks. The transaction also establishes the company’s first European footprint while expanding its ability to support commercial, government and national security space programs.
A key advantage of Rocket Lab’s acquisition strategy is the ability to quickly add specialized technologies that complement its existing operations. By integrating proven expertise and engineering capabilities, the company can expand its offerings more efficiently while addressing a broader range of customer requirements across the space market.
The strategy also enhances business diversification. Beyond launch services, acquisitions have expanded Rocket Lab’s presence across spacecraft technologies, satellite communications, robotics and mission systems, strengthening its technology portfolio and position within the evolving space sector.
Companies Pursuing Growth Through Strategic AcquisitionsAerospace companies continue using acquisitions to expand technological capabilities, strengthen product portfolios and support long-term growth initiatives. Companies like Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) and Redwire Corporation (RDW - Free Report) have also pursued acquisitions to enhance their market positions.
Kratos Defense has expanded its portfolio through acquisitions such as Orbit Technologies and Nomad Global Communication Solutions, strengthening capabilities in satellite communications, networking and connected defense systems.
Redwire boosted its space infrastructure portfolio via acquisitions such as Oakman Aerospace and Hera Systems, adding spacecraft technologies, mission engineering expertise and national security space capabilities that support a broader range of government and commercial missions.
Earnings Estimates for RKLB StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 55.56% and 75%, respectively.
Image Source: Zacks Investment Research
RKLB Stock Trading at a PremiumRocket Lab is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 58.79X compared with the industry average of 12.51X.
Image Source: Zacks Investment Research
RKLB Stock Price PerformanceOver the past six months, RKLB shares have surged 102.5% compared with the industry’s 19.2% growth.
Image Source: Zacks Investment Research
RKLB’s Zacks RankRocket Lab currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Rocket Lab stock is taking a hit today. What’s weighing on RKLB shares? SpaceX’s Blockbuster DealAccording to a Form 8-K filed Tuesday, June 16, 2026, SpaceX has agreed to acquire AI coding startup Anysphere Inc (Cursor) in an all-stock deal valued at an implied equity value of $60 billion. The transaction, executed via SpaceX subsidiary X67 Inc., is slated to close in the third quarter of 2026, subject to customary regulatory approvals.
While Rocket Lab continues to scale its own launch manifests and Neutron rocket development, SpaceX's multi-billion-dollar expansion into AI software highlights the intensifying competition for aerospace capital. For today, investors appear to be recalibrating their portfolios, leaving RKLB in the red while digesting its rival’s massive tech expansion.
Critical Price Levels To Watch For Rocket LabFrom a longer-term trend view, Rocket Lab is still in a bullish structure: it's trading about 43% above its 200-day SMA ($72.92) and about 20% above its 100-day SMA ($86.89). The near-term picture is choppier, though, with the stock about 16% below its 20-day SMA ($124.13), which often acts like "gravity" after a sharp run.
Momentum is best explained by RSI, which is sitting at 47.81—neutral and consistent with a cooling phase rather than a fresh breakdown. RSI measures how stretched a move is, and this reading suggests the stock is working off prior heat after the May swing high and 52-week high.
The moving-average stack still leans constructive (20-day SMA above the 50-day SMA; 50-day SMA above the 200-day SMA), but price is now only about 2.6% above the 50-day SMA ($101.57), making that zone a key "line in the sand" for trend traders. If buyers defend it, the pullback can stay in "reset" mode; if not, the next test tends to shift toward the 100-day area.
Key Resistance: $105.24 — near the 50-day EMA, a common area where rebounds can stall after a selloff Key Support: $101.57 — aligns with the 50-day SMA, a pivotal trend level given current proximity What Is Rocket Lab and Its Business Model?Rocket Lab is a space company that builds rockets and spacecraft, offering end-to-end mission services for civil, defense, and commercial customers. It designs and manufactures the Electron and Neutron launch vehicles and the Photon satellite platform, giving it exposure to both launches and space hardware.
Rocket Lab Stock Price Action UpdateRKLB Stock Price Activity: Rocket Lab shares were down 3.32% at $105.62 at the time of publication on Tuesday, according to Benzinga Pro data.
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Well, it finally happened. Space Exploration Technologies (SPCX +4.36%) has gone public, and it is officially the largest IPO in history. As the seventh-largest company in the world by market value, all the oxygen in the stock market is being sucked away from other space-economy stocks into the Elon Musk-led rocket launch and artificial intelligence (AI) giant.
Take Rocket Lab (RKLB 4.19%). The upstart spaceflight competitor has seen its shares quickly dip 32% from their highs in anticipation of the SpaceX IPO. At around $100 a share, should you buy the dip on Rocket Lab? Or should you ditch it and buy SpaceX shares?
Image source: Getty Images.
SpaceX's grand AI plans If we're talking about a company's pure ambition, then it is hard to get grander than SpaceX. Musk and the SpaceX team have a vision of building orbital compute data centers, providing global satellite internet service through Starlink, and eventually even establishing a colony on Mars.
Starlink is an $11.4 billion revenue business, and growing 50% year over year. But for the rest of SpaceX -- which also includes X (formerly Twitter) and the xAI research lab -- an investment in this stock is based on future potential. In 2025, SpaceX's total revenue was just $18 billion, meaning over half of its sales came from Starlink internet services.
2026 should prove to be a banner year for growth, driven by recent contract wins from Alphabet and Anthropic for AI computing services, totaling $26 billion in annual AI spending. SpaceX has built massive data centers that are currently underused, which, on the one hand, shows the disappointment with its own AI software, but on the other hand shows the company's and Musk's ability to accurately predict the future of technology.
Right now, SpaceX trades at a market cap of $2.1 trillion, or more than 100 times its 2025 revenue. Its price-to-sales ratio (P/S) will decline sharply over the next few years if these growth initiatives materialize, but it is now officially one of the most expensive stocks in the world following this blockbuster IPO.
Rocket Lab's focused potential Rocket Lab is taking a path more focused on SpaceX's original business model: shipping payloads to orbit through private rocket launches. It began operations with a small rocket called the Electron, built for specialty payloads that require precise positioning in the sky.
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The Electron rocket now regularly launches payloads into orbit for commercial customers and the United States government. Capitalizing on this success, Rocket Lab has built and acquired capabilities to vertically integrate across the space economy, meaning it builds products like satellites, launch pods, and communication systems for third parties that also utilize the Electron launch capabilities. With this business model, Rocket Lab's revenue has grown to $680 million over the last 12 months, up 1,000% in the last five years.
To get closer to SpaceX's size, Rocket Lab is building a larger rocket called the Neutron, with plans to debut it later this year. It should lead to a step change in revenue generation, directly from launch costs and from more commercial players utilizing Rocket Lab's vast array of space-economy services.
It wouldn't be surprising to see Rocket Lab's revenue grow into the billions in the next few years. However, even after this steep drop, the stock still trades at an expensive market cap of $60 billion, or a P/S ratio of 89.
Data by YCharts.
Which space stock is the better buy? Given the size of the business, the best bet for investors today may be Rocket Lab over SpaceX. With a market cap of $2.1 trillion and 2025 revenue of less than $18 billion, it is hard to imagine any scenario in which SpaceX delivers stellar results for shareholders.
The same can likely be said of Rocket Lab over the next decade. Space flight is hard, and the Neutron rocket has faced many delays on its path to commercialization. Rocket Lab may do fine for investors over the next two decades if it grows to the size of SpaceX, but that does not mean you should load up on the stock.
For investors, the smart move is to avoid both SpaceX and Rocket Lab and their extremely elevated P/S ratios.
Key Takeaways Motorola is expanding Assist globally after its successful deployment across the United States.Motorola's Assist uses AI to prioritize call data, transcribe live audio and translate in real time.MSI's Redaction Assist tags evidence and redacts sensitive information to reduce manual work. After its successful deployment across the United States, Motorola Solutions, Inc. (MSI - Free Report) has expanded Assist, its artificial intelligence (AI)-powered public safety platform, across the globe. With an initial focus on Europe, the expansion strengthens the company’s role in improving emergency response through AI-driven solutions.
Motorola’s Assist helps control room operators handle emergencies more efficiently by reducing manual tasks and speeding up decision-making. Integrated into the company’s software, the platform automatically identifies, gathers and prioritizes critical call information. Features such as live transcription, real-time translation and audio enhancement improve communication and enable faster emergency response.
For first responders in the field, the system acts as a mobile digital tool that improves productivity, awareness and safety. Its key features include quick number plate scanning, faster identification through image search and voice commands that let officers work hands-free while driving. These capabilities help responders access critical information more quickly during emergencies.
Motorola is also improving digital investigations with Redaction Assist, which automatically tags evidence and redacts sensitive information, reducing manual work. The company is focused on deploying AI responsibly by maintaining human control and oversight. With the global rollout of Assist, Motorola continues to enhance operational efficiency and support faster and more effective emergency management.
How Are Competitors Performing in the Public Safety Domain?Motorola faces stiff competition from Nokia Corporation (NOK - Free Report) and Comtech Telecommunications Corp. (CMTL - Free Report) . Nokia is strengthening public safety through secure communication networks for emergency responders. The company is using AI and automation to improve response times and situational awareness. Nokia is expanding its private wireless and 5G solutions for reliable connectivity in critical situations.
Comtech is expanding its public safety business through Allerium, its next-generation 911 solution. The company is using AI and cloud technology to improve emergency communication and response times. Comtech is investing in technologies that enhance public safety operations.
MSI’s Price Performance, Valuation & EstimatesMotorola shares have gained 2% over the past year compared with the industry’s 58.1% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Motorola trades at a forward price-to-sales ratio of 5.21, below the industry tally of 5.47.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 0.83% to $16.96 over the past 60 days, while the same for 2027 have increased 0.82% to $18.42.
Image Source: Zacks Investment Research
Motorola currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ORANGE, Calif., June 16, 2026 (GLOBE NEWSWIRE) -- M S International, Inc. (MSI), the leading supplier of flooring, countertops, wall tile, and hardscaping products in North America, is excited to celebrate the grand opening of its Jacksonville showroom, located at 8443 Baymeadows Rd., Jacksonville, FL 32256.
To mark the occasion, MSI invites homeowners, designers, builders, contractors, real estate professionals, and industry partners to a day-long celebration on June 23 from 9:00 a.m. to 9:00 p.m. The opening of the new 10,000-square-foot showroom represents a significant investment in Northeast Florida and reinforces MSI's commitment to providing innovative design solutions and exceptional customer service throughout the region.
The grand opening festivities will begin with an official ribbon-cutting ceremony at 10:00 a.m., followed by a full day of educational programming, networking opportunities, entertainment, giveaways, and exclusive promotions. Attendees will hear from a distinguished lineup of industry experts, including Emily Holle, Senior Director of Trend & Design at MSI, who will present the top design trends shaping residential and commercial spaces in 2026.
Additional highlights include a realtor event sponsored by D.R. Horton at 4:30 p.m., an NTCA workshop at 5:00 p.m., and an economic forecast presentation from Susan Heffron, Vice President, Homebuilding – Southeast at Zonda, who will share insights into the future of the construction and housing markets. The celebration will conclude with an exciting Casino Night beginning at 7:00 p.m.
The new Jacksonville showroom showcases MSI's expansive portfolio of premium surfaces and flooring products, including Everlife® Waterproof Flooring with porcelain and luxury vinyl tile (LVT)collections, Q engineered surfaces, and W™ Luxury Genuine Hardwood. Visitors can also explore MSI's outdoor living offerings, including Arterra® Porcelain Pavers, Rockmount® Veneers, and Stacked Stone Collections and a wide selection of natural stone and turf products.
Designed as an immersive and inspiring destination, the showroom allows customers to experience MSI's products firsthand while discovering the latest trends in interior and exterior design.
"Jacksonville is an exciting and growing market, and we're thrilled to expand our presence in Northeast Florida with this beautiful new showroom," said Shaun Skinner, Branch Leader, MSI Jacksonville. "This space was created to inspire our customers and provide them with the products, resources, and expertise they need to bring their design visions to life."
Visit the showroom Monday through Friday from 8:00 am to 5:00 pm, and on Saturdays from 9:00 am to 12:00 pm.
About M S International, Inc. (MSI)
Founded in 1975, MSI is a leading supplier of flooring, countertop, wall tile, and hardscaping products in North America. Headquartered in Orange, California, MSI maintains 50 state-of-the-art showrooms and distribution centers across the U.S. and Canada, with domestically sourced products for the Q™ Studio Collection in Latta, South Carolina, and Premium LVT in Cartersville, Georgia. MSI's product assortment includes an extensive offering of engineered stone, LVT, tile, turf, natural stone, and porcelain products imported from over 37 countries on six continents.
To explore MSI's complete range of products, visit www.msisurfaces.com.
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Kristina Durkin
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4ffe89d-cd49-4f81-b048-deaa9ad36edf
ALBUQUERQUE, N.M., June 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced the launch of ARRAY DuraTrack D2S™, an evolution of ARRAY’s product portfolio. The new tracker offering brings the best features of ARRAY’s trusted DuraTrack® system architecture to the two-row format preferred across many international markets.
Duratrack D2S was designed to address a number of constraints that determine real solar project economics. Upfront, D2S can facilitate lower capital expenditure through faster installation, better terrain tolerance, and more design flexibility on constrained land. Over the life of the project, D2S is built to deliver an energy yield benefit, by reducing energy loss from wind stow, and to minimize ongoing operating costs through durable design and lowered maintenance needs.
DuraTrack D2S includes key features of ARRAY’s flagship DuraTrack product, including:
ARRAY Wind XP™ Patented Passive Wind Stow Technology: Minimizes unnecessary stow and sensor failure risk through ARRAY’s trusted mechanical stow solution shown to offer an energy yield benefit of up to 4%. Leading Terrain Adaptability: Incorporates ARRAY OmniTrack® terrain-following capability to minimize terrain modifications, reduce grading costs during construction by following natural land contours, and maintaining natural ecology.ARRAY SmarTrack® Enabled: Facilitates optimized energy yield on projects with Terrain Adaptive Backtracking and Diffuse Weather Response while also providing features to mitigate risk from extreme weather conditions.
As customers face development on increasingly complex, fragmented, and terrain-challenged sites, Duratrack D2S represents an extension of ARRAY’s proven technology for customers who prefer the flexibility of a two-row design.
“D2S represents the next evolution of ARRAY’s portfolio and our continued commitment to advancing smarter, more resilient solar racking solutions,” said Nick Strevel, Chief Product Officer of ARRAY. “By bringing proven, industry-leading tracker technology to new formats, we are helping customers unlock greater performance, reliability, and value as demand for solar energy continues to grow worldwide.”
DuraTrack D2S is launching first in the EMEA market and began construction on its first commercial installation in Spain in Q1 2026.
“ARRAY is a key partner to us, and as soon as they presented the DuraTrack D2S tracker we were eager to install it and install it fast! A passive-stow tracker, in dual-row configuration, is what we were looking for,” said Salix Solar, a Spanish solar developer and the initial commercial customer for D2S.
This solution reflects ARRAY’s dedication to providing reliability and value for performance, addressing the real-world challenges faced by solar energy producers. With more than 35 years of reliability and over 100 GW of solar trackers awarded or installed worldwide, ARRAY continues to evolve and adapt to market demands.
For more information about DuraTrack D2S and to connect with an ARRAY representative to evaluate how DuraTrack D2S can improve your project’s energy yield, visit https://arraytechinc.com/duratrackd2s/
For more information about ARRAY Technologies and its industry-leading solar tracking solutions, visit https://arraytechinc.com/
About ARRAY
ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites. With solutions engineered to withstand harsh weather conditions, ARRAY’s high-quality solar trackers, fixed-tilt systems, software platforms, foundation solutions, and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit www.arraytechinc.com.
Forward Looking Statement
This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company’s ability to continue to grow its global installed base and expand into new markets; the expected performance, reliability, and market adoption of DuraTrack D2S; the anticipated energy yield, capital expenditure, and installation benefits of DuraTrack D2S, including the referenced up to 4% energy yield benefit from Wind XP Passive Wind Stow Technology; the anticipated benefits of incorporating OmniTrack terrain-following capability and SmarTrack software into the two-row format; the continued advancement of the Company’s software and service offerings; the Company’s expectations regarding continued demand for solar energy and utility-scale solar deployment; and the Company’s business strategy and growth prospects. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties, and assumptions include, without limitation, changes in demand for utility-scale solar projects domestically and internationally; delays in product availability or shipment; actual field performance of DuraTrack D2S, Wind XP, OmniTrack, and SmarTrack that may differ from modeled or anticipated results; macroeconomic conditions, trade policy changes, or supply chain disruptions affecting operations; changes in government policy or incentives supporting solar energy deployment; challenges in expanding DuraTrack D2S into EMEA and other international markets; and reliance on third-party partners to perform their respective roles on schedule and to specification. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents we file with the SEC, which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
