Rocket Lab is buying Iridium Communications in an $8 billion cash-and-stock deal – equipping the rocket maker with a global satellite network and wireless spectrum in what looks like a bid to compete against Elon Musk’s SpaceX.
The deal is the latest in a flurry of aerospace tie-ups involving satellite operators in the past year: Globalstar agreed in April to be acquired by Amazon.com, while Luxembourg-based SES completed its purchase of Intelsat last year. SpaceX also agreed to acquire spectrum assets from EchoStar.
Iridium – which logged $114 million of net income on $872 million in revenue last year – operates a network of 66 low-Earth-orbit satellites that provide connectivity for handsets and other equipment used by ships, mining operations, U.S. government agencies and other customers. The company’s spectrum rights are especially valuable because they can be used worldwide.
Rocket Lab said combining its launch business and satellite manufacturing with Iridium’s global network and spectrum rights would strengthen its position in the market. USA TODAY Network via Reuters Connect Rocket Lab’s purchase values Iridium shares at $54 apiece, implying an enterprise value of about $8 billion for the McLean, Va.-based satellite operator, Rocket Lab said Monday. Iridium stock closed at $43.52 on Friday and has climbed in recent weeks as investors increasingly focused on the value of the company’s spectrum holdings.
Rocket Lab shares rose 6.8% in Monday trading, while Iridium stock jumped 20.8%.
The acquisition comes as SpaceX continues to expand its satellite services among consumers and government customers, which has spurred rivals to make moves while fueling consolidation across the satellite industry.
SpaceX’s Starlink business uses the company’s own rockets to keep launch costs down and has a constellation of roughly 10,000 satellites.
While SpaceX dominates heavy-lift launches and operates the large Starlink broadband constellation, Rocket Lab has specialized small satellite launches.
Iridium has faced growing questions in recent months over how much of a threat SpaceX poses to its business, which connects specialized phones through satellites.
Iridium was an early pioneer in low-Earth-orbit satellite networks, launching its first satellites nearly 30 years ago. Christopher Sadowski
Rocket Lab’s purchase better positions it to rival Elon Musk’s SpaceX. Xavier Collin/Image Press Agency / BACKGRID Rocket Lab said combining its launch business and satellite manufacturing operations with Iridium’s global network and spectrum rights would strengthen its position in the market. The company plans to eventually build a revamped satellite fleet to overhaul Iridium’s existing constellation.
Rocket Lab began as a launch provider roughly 20 years ago but has spent the past several years expanding into satellite manufacturing and operations through a series of acquisitions. Company executives have repeatedly said they want to operate their own satellite network rather than only build and launch spacecraft for customers.
Iridium was an early pioneer in low-Earth-orbit satellite networks, launching its first satellites nearly 30 years ago. The company later filed for bankruptcy before reorganizing.
“Success will come from those who can bring new innovations to space quickly and sustain them over time as efficiently as possible,” said Iridium Chief Executive Matt Desch in announcing the deal.
Item 1 of 2 A man walks past an Apple iPhone hoarding on a street in Mumbai, India, June 29, 2026. REUTERS/Francis Mascarenhas
[1/2]A man walks past an Apple iPhone hoarding on a street in Mumbai, India, June 29, 2026. REUTERS/Francis Mascarenhas Purchase Licensing Rights, opens new tab
SummaryCompaniesApple counts Tata as key supplier as it diversifies beyond ChinaTata breach has seen files of Apple, Tesla posted on dark webApple has been investigating the matter, Reuters has reportedSupplier list, component names of iPhone 18 Pro in leakNEW DELHI/SAN FRANCISCO, June 29 (Reuters) - Sensitive lists of components and suppliers, and photos of Apple's upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm's Indian supplier Tata Electronics, according to documents and a source.
The exposure threatens the carefully negotiated business of building the iPhone, which Apple assembles from a thicket of suppliers worldwide. It could also upset Apple and its relationship with Tata given most of the supplier arrangements are fiercely protected by Apple, and could also hand rivals, counterfeiters and its own vendors a view of who makes what.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
Tata, which both supplies parts and assembles iPhones as a contract manufacturer, is emerging as one of Apple's most important manufacturing partners outside China, an expansion that is a cornerstone of Prime Minister Narendra Modi's push to make India an electronics manufacturing powerhouse.
Apple is reportedly on track to release its iPhone 18 Pro and Pro Max in September. The leak comes at a difficult time for Apple, which last week raised iPad and MacBook prices due to soaring memory and storage chip costs, with analysts expecting Apple to increase iPhone prices in the coming months.
Reuters has previously reported the Tata Electronics leak of more than 200,000 files on the dark web by World Leaks had files with purported component design papers of older iPhones and some parts of Tesla - both Tata clients. They also included documents of Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab and Qualcomm (QCOM.O), opens new tab, both of which make parts used in iPhones.
New documents reviewed by Reuters show there are at least six files that map many components in the iPhone 18 Pro models to the specific company that supplies them. These include details of chips on its main circuit board and parts of the battery and cameras.
Apple considers this detail sensitive and is concerned about the documents being shared on the dark web as they relate to unreleased models, according to the person familiar with the matter. The data maps suppliers to iPhone parts, which Apple does not disclose in its public database of suppliers, the person added.
In all, the documents detail hundreds of parts to be on the upcoming iPhone 18 Pro models.
The records also show where Apple draws a part from several suppliers and where it relies on just a few, laying bare both its bargaining leverage and its vulnerabilities.
Spokespeople for Apple and Tata did not respond to Reuters queries.
World Leaks has previously claimed responsibility for a Nike break-in. Reuters has not verified the authenticity of the data and could not immediately reach World Leaks for comment.
News website AppleInsider first reported last week that iPhone 18 Pro documents were part of the Tata leak.
Reuters has previously reported that Apple is investigating the matter and working with Tata on long-term measures. Tata has restricted internal access to sensitive systems as it investigates the leak, and hired a global consultant to conduct a forensic audit.
DROP-TEST IMAGESSeveral of the leaked files carried Apple "confidential" watermarks and internal Apple code-names consistent with the iPhone 18 Pro generation, according to the source familiar with the matter.
Inside the folder for iPhone 18 Pro files are photographs of iPhones undergoing drop tests at one of Tata's plants, dated early 2026. They depicted a conventional slab-shaped, grey handset with a three-rear-camera setup and the Apple logo.
Reuters could not with certainty identify the model number of the phone, but the source said the photos are of iPhone 18 Pro models.
For Apple and Tata, the breach cuts at the trust underpinning their partnership. Apple's move into India rests on its newest major assembler Tata, just as the company increasingly diversifies beyond China.
The bet has fast paid off: India is on track to make 26% of the world's iPhones in 2026, up from 6% four years ago, according to Counterpoint, a research firm.
Reporting by Munsif Vengattil, Aditya Kalra, and Stephen Nellis; Editing by Nick Zieminski
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Based in Bengaluru, Munsif Vengattil leads Reuters' technology news coverage in India. He tracks themes at the intersection of tech, business, and labor. A reporter for nine years, Munsif has written extensively on India's electronics manufacturing aspirations and its tech policy space, AI and election interference, satellite internet, streaming wars, and data breaches. His stories also focus on investigating corporate strategies and revealing India-specific initiatives and challenges of the biggest of tech firms - from Apple, Facebook, and Google, to Foxconn, Samsung, and Nvidia.
Aditya Kalra is the Company News Editor for Reuters in India, overseeing business coverage and reporting stories on some of the world's biggest companies. He joined Reuters in 2008 and has in recent years written stories on challenges and strategies of a wide array of companies -- from Amazon, Google and Walmart to Xiaomi, Starbucks and Reliance. He also extensively works on deeply-reported and investigative business stories.
Apple said it is pushing forward a series of software updates that would previously have been bundled with a new version of its iOS operating system, making them available earlier than in previous cycles in response to AI-driven security concerns.
The ARK Innovation ETF (NYSEARCA:ARKK) has barely moved this year, gaining about 2% year to date through late June and sitting at roughly $78 per share.
Waymo robotaxis are no longer available on Uber’s ride-hail app in Phoenix, Arizona, ending a nearly three-year partnership in the city, both companies confirmed to TechCrunch on Monday.
Uber said it is readying the launch of a separate autonomous vehicle partnership in the city, but did not name the partner. Waymo told TechCrunch that the vehicles Uber used for this “pilot” program have already been integrated into its own Phoenix fleet, available through its app. Waymo users started noticing that the company’s vehicles were absent from Uber’s network in recent days. Waymo’s vehicles are still available on Uber in Austin and Atlanta, for instance.
The quiet end to this partnership in Phoenix, which Waymo said happened in May, comes as the Alphabet-owned company is starting to put its newest robotaxis — the Zeekr-made van it calls Ojai — on the road. It’s also happening as the Uber-Waymo relationship appears to be wearing in some places, with the two companies poised to directly compete against each other in London as early as this year.
Still, both companies praised the collaboration in Phoenix as a successful jumping-off point for their respective robotaxi plans, which have gotten increasingly ambitious since 2023.
“This was a productive pilot that paved the way for future expansions and partnerships across the globe. After hundreds of thousands of trips with Uber, we have integrated these vehicles back into our Phoenix fleet, where they will continue to serve riders through Waymo, including our public transit integration with Via, and delivery with DoorDash,” Waymo told TechCrunch. “We’re grateful to all of the Uber customers who took fully autonomous trips with us, and we look forward to continuing to serve the Phoenix community.”
“Phoenix was our first pilot market with Waymo and was an intentionally limited deployment, reaching just over a dozen vehicles dedicated to the program. We learned a lot from that collaboration, which helped us to quickly scale Austin and Atlanta, where hundreds of Waymo AVs are available exclusively on Uber and our coverage area continues to expand,” Uber said.
The robotaxi landscape looks much different than it did when these two companies kicked off this collaboration in 2023. Back when it was first announced, the idea of Uber and Waymo partnering up still seemed unlikely given their messy legal battle that ended in a settlement in 2018. Robotaxis as a technology were in a far more uncertain place, as no operator had reached scale yet. Cruise was still seen as a viable competitor, as it had not yet gone through its own scandal and been absorbed into General Motors.
In the three years since, Waymo has grown its fleet to around 4,000 vehicles, and Uber has inked deals to add dozens of autonomous vehicle partners to its network.
This Phoenix partnership remained an unusual one, as it was the only city where Waymo operated directly and through Uber. Waymo is in the process of launching in around 20 new cities this year, is operating in 11 major U.S. metro areas, and the company offers more than 500,000 trips every week.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
Alphabet Inc (NASDAQ:GOOGL) is up 4.4% at $352.11 this afternoon, bouncing off its Friday pullback to the 120-day moving average. The shares broke below recent support at the $340 floor, but are now in recovery mode, after the stock began trading in the Dow Jones Industrial Average (DJI) index for the first time today. The tech behemoth replaced Verizon Communications (VZ), which was last seen 6.6% lower. GOOGL is sporting a healthy 12.6% gain for 2026.
Call options have remained red-hot on Alphabet stock. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Alphabet stock's 50-day call/put volume ratio of 2.89 ranks in the 80th annual percentile.
The options pits are pricing in relatively low volatility expectations, too, per GOOGL's Schaeffer's Volatility Index (SVI) of 32%, which sits in the 33rd percentile of its annual range. Even further, the stock's Schaeffer's Volatility Scorecard (SVS) of 91 out of 100 indicates it has consistently exceeded those expectations during the past year.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) is sitting on a Google Cloud backlog that nearly doubled quarter-on-quarter to $462 billion, and Sundar Pichai went on the most recent earnings call and said, in plain English, “We are compute constrained in the near term.” When the supplier is rationing for everyone, the interesting question is what the rationing tells you about the next two years of AI economics.
What the Financial Times reported The FT’s June 28, 2026 story said Google limited Meta’s (NASDAQ:META) access to Gemini models because it could not supply the full computing capacity Meta wanted to buy. Google told Meta around March that it couldn’t meet the requested capacity, which disrupted and delayed some of Meta’s internal AI projects and pushed Meta to economize on tokens.
A capacity shortfall is a very different fact pattern from a deliberate competitive cutoff, though this does lean into territory where AI companies are forced to make some choices. Competition is obviously going to be a factor when companies choose who to sell compute to.
Compute is the binding constraint “We are seeing strong demand and we are working hard to bring more capacity online,” Pichai has told investors, framing the supply problem as structural rather than transient. “Our Cloud revenue would have been higher if we were able to meet the demand,” he said. Google Cloud reported $20.03 billion in Q1 revenue, up 63% year over year, with operating margin expanding to 32.9% from 17.8% in the year-ago quarter. To chase the backlog, Alphabet raised 2026 capex guidance to a range of $180 billion to $190 billion, with 2027 capex expected to significantly increase.
The hyperscalers collectively have earmarked more than $725 billion in 2026 AI capex. Demand still outruns it. Q1 capex alone hit $35.67 billion, more than doubling year over year, which compressed free cash flow to $10.12 billion, down 46.6%. The trajectory matters: full-year 2025 capex landed at $91.45B, and the 2026 guide nearly doubles that again, a signal management is willing to absorb near-term free cash flow pain to chase the backlog.
The vertical integration subtext Owning the models, the TPUs, and the data centers means Google has a coherent allocation framework. “The compute needed for model development is a foundation for everything we do,” he said, with Search, YouTube, and Cloud customers slotted in around it under a “robust ROIC framework.” In a shortage, that integration is an advantage. Internal workloads and paying Cloud customers will reasonably sit ahead of a competitor buying capacity on the side.
That is structural, and the reporting establishes no intent beyond it. It also explains why Meta, which runs its own Llama family but still wanted Gemini for specific workloads, found itself behind Google’s first-party demand in the queue. The same logic applies to every external buyer competing with the host’s own roadmap.
What this signals from here Markets are reading the moment with unease. GOOGL is down 7% over the past month, though GOOG stock is rebounding swiftly as of this writing. The stock is on a 97% one-year run. GOOG stock trades around $350.
Gemini is now processing more than 16 billion tokens per minute via direct API use, up 60% quarter over quarter, and Gemini Enterprise paid monthly active users grew 40% sequentially. This is the demand signal that is forcing the rationing in the first place.
The throttle headline will fade. The constraint behind it will not. If you want one number to watch, it is the backlog. As long as it keeps growing faster than capacity comes online, “we couldn’t supply what they wanted to buy” is going to be a recurring sentence across the industry.
Alphabet Inc (NASDAQ:GOOG) shares climbed about 5% on Monday after the company officially joined the Dow Jones Industrial Average, replacing Verizon Communications Inc (NYSE:VZ, XETRA:BAC) in a change that reflects the index's increasing exposure to large-cap technology and artificial intelligence companies.
The change took effect before the opening bell, with Alphabet becoming the latest technology heavyweight in the 30-stock benchmark alongside Apple, Amazon, Microsoft and Nvidia.
Verizon, meanwhile, fell about 6% after being removed from the Dow following a 22-year presence in the blue-chip index.
The reshuffle marks another shift in the composition of the Dow, which is periodically adjusted to better reflect changes in the US economy and stock market. Alphabet's addition increases the benchmark's representation of technology and AI-related companies, while Verizon's removal reduces its exposure to the telecommunications sector.
The Dow Jones Industrial Average is maintained by S&P Dow Jones Indices, which periodically updates its constituents to ensure the index continues to represent leading US companies across major industries.
Key Takeaways The first retreat to the 50-day moving average on QQQ is a buy.July has been higher for 11 consecutive years.Market breadth is improving despite Mag 7 weakness. First Pullback to 50-day Moving AverageOn Wall Street, even the strongest uptrends and bull markets eventually succumb to gravity and must pullback. Rather than chasing highs like most retail investors do, “smart”, big-money institutional investors often act as liquidity providers during market pullbacks and buy the dip. Rather than arbitrarily buying pullbacks, these institutional investors use moving averages to smooth out price. The 50-day simple moving average is the most optimal moving average to gauge the intermediate-term trend.
However, not all pullbacks to the 50-day moving average are created equally. The first pullback to the 50-day moving average after a correction or bear market is typically the most high-probability buy zone. For instance, the first pullback to the 50-day moving average following the COVID-19 and tariff corrections served as a phenomenal buy zone. Currently, the Nasdaq 100 Index ((QQQ - Free Report) ) is retreating to the 50-day moving average for the first time since emerging from the Iran War correction, offering investors a high-probability buy zone.
Image Source: TradingView
July is Seasonally StrongThe end of June and the beginning of July is one of the strongest seasonal periods for stocks. According to Jeffrey Hirsch (@AlmanacTrader), the Nasdaq’s 12-day Midyear Rally spans the last 3 days of June through the first 9 days of July and has gained 2.5% since 1985 on average and is up 78% of the time.
Meanwhile, July has been unusually strong recently. In fact, the S&P 500 Index has been higher in July for eleven consecutive years!
Image Source: Zacks Investment Research
Market Participation is BroadeningFor years, one of the key arguments among bearish Wall Street analysts has been that the “Magnificent 7” stocks have artificially propped up the major market indices due to their massive market caps. Last week, Apple ((AAPL - Free Report) ) dragged down the index after the company announced price hikes for many of its products due to memory shortages. Meanwhile, Alphabet ((GOOGL - Free Report) ) shares fell on news that it lost some of its top AI talent to privately held Anthropic.
Nevertheless, the market is exhibiting bullish breadth beneath the surface. Ryan Detrick (@RyanDetrick) points out that although the S&P 500 was down 2% last week thanks to the Mag 7 weakness, “more stocks are above the 20-day, 50-day, and 200-day moving averages than at the start of the week.” Detrick added, “In fact, 65% of the components are above their 200-day moving average, which is the most since early March.”
Image Source: Stockcharts.com
Bottom Line
A perfect bullish storm of seasonality, a high-probability technical pullback, and market breadth improvement is brewing for investors in July.
The Nasdaq is up 1.58%, while the S&P 500 is up 1.23% and Consumer Discretionary is leading with a 2.2% gain.
Amazon drew attention after its Prime Day event drove $26.4 billion in U.S. online spending, while analysts said discounts and stretched consumers shaped the sales surge.
• Amazon.com stock is among today’s top performers. Why is AMZN stock up today?
Prime Day Spending Tops Adobe EstimateAdobe Analytics said U.S. online spending across retailers reached $26.4 billion during Amazon’s four-day Prime Day event from June 23 through June 26, narrowly topping its earlier $26.3 billion estimate.
Adobe said shoppers bought electronics, toys, appliances, personal care products, apparel, kids’ items and everyday essentials.
Discounts stayed close to last year’s levels, with electronics and apparel averaging 24% markdowns and toys averaging 20%. Adobe also said buy-now-pay-later options accounted for 6.6% of all orders.
Experts Flag Discounts and Consumer FatigueCFRA Research analyst Arun Sundaram told Reuters on Saturday that tax refunds may have helped shoppers spend on discretionary categories during the event.
IRS data showed average tax refunds rose 11.1% to $3,462 in 2026, though Sundaram said that boost will not help most shoppers during the fall and winter shopping seasons.
Alix Partners retail managing director Sonia Lapinsky told Reuters that Prime Day buying showed consumers were stocking up on products they already planned to buy. She said the event pointed to a tired consumer who is not necessarily spending more, but is trying to stretch money through better deals and discounts.
Technical AnalysisAmazon is trading right on top of its 20-day trend gauges (near the $242.60 20-day SMA and $242.71 20-day EMA), which often acts like a "decision zone" for short-term direction. The bigger picture is more mixed: the stock is trading 5.4% below its 50-day SMA ($255.98) but remains 3.1% above its 100-day SMA ($234.93) and 4% above its 200-day SMA ($232.83).
The longer-term trend backdrop remains constructive following the Golden Cross in May, but the shorter-term structure has been choppy, with the 20-day SMA below the 50-day SMA (a bearish alignment).
Earnings & Analyst OutlookLooking further out, the next major catalyst for the stock arrives with the July 30 (estimated) earnings report.
EPS Estimate: $1.81 (Up from $1.68 year-over-year) Revenue Estimate: $196.03 billion (Up from $167.70 illion YoY) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $320.86. Recent analyst moves include:
Truist Securities: Buy (Raises target to $320 on May 29) Wells Fargo: Overweight (Lowers target to $312 on May 20) TD Cowen: Buy (Maintains target to $350 on May 12) Top ETF ExposureSignificance: Because Amazon carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.
AMZN Price ActionAMZN Stock Price Activity: Amazon.com shares were up 4.24% at $242.56 at the time of publication on Monday, according to Benzinga Pro data.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Another challenge to the Amazon Kindle-Goodreads book tracking empire has emerged.
On Monday, the reading tracker StoryGraph teamed up with Rakuten’s Kobo, the maker of a more open eReader (and Kindle alternative), allowing book lovers to automatically track their reading habits.
The integration was first announced in May, and is now live for all Kobo account-based content.
This makes the Kobo the first eReader to integrate with StoryGraph’s book community platform, and serves as another way to chip away at Amazon’s dominance in the digital books market. Traditionally, Amazon has managed to retain its readers by offering low prices on books and ebooks and combining that with a robust online reading community and social network, Goodreads.
While many Goodreads competitors emerged over the years, few have been able to establish a solid footprint because they lacked the ability to integrate with customers’ e-reading devices, as Goodreads does with Kindle devices.
The StoryGraph-Kobo integration changes that, as it will now automatically sync a user’s reading progress with their StoryGraph account. That means when you finish a book on your Kobo eReader, it will automatically be marked as “Read” on StoryGraph, keeping your reading stats up-to-date. The feature will work with both ebooks and audiobooks, the companies said, and it works with any Kobo device and Kobo’s apps.
Book trackers like StoryGraph are popular because they offer an easy way for people to keep a record of their reading history, favorite books, and offer ways to discover recommendations based on what others are reading. As StoryGraph’s name implies, its analytics tend to go deeper, offering readers detailed charts about their reading moods, pace, and more, to improve reading habits.
It also offers an online community where you can participate in reading challenges and join book clubs, while staying motivated to read by earning “streaks.” (Typically, we don’t like addictive gamification measures in social apps, but for encouraging reading, we’ll make an exception.)
Nadia Odunayo, Founder & CEO, The StoryGraphImage Credits:StoryGraph Founded by Black British engineer Nadia Odunayo and CTO Rob Frelow in 2019, StoryGraph began as a side project and didn’t take in outside funding. It has since evolved into a community of over 5 million readers. The Kobo integration will now put the app in front of the eReader maker’s 12 million users in 190 countries.
Kobo and StoryGraph aren’t alone in capitalizing on the cultural revival of reading, driven by online communities like #booktok and reading apps. According to Pew Research, around three-in-ten U.S. adults (31%) reported reading an ebook in the past year, up from 17% in 2011.
The startup Everand, which offers a marketplace for ebooks and audiobooks, also recently bought the digital book community app maker Fable to offer a similar integration — without the hardware. (Perhaps Kobo could be eyeing StoryGraph for its own M&A in the future, we have to wonder?)
The new Kobo-StoryGraph integration doesn’t require a subscription, though the StoryGraph app does offer a $5 per month Plus subscription that adds deeper stats, filters, custom charts, and comparison tools.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.
You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.
The "Magnificent Seven" continue to drive market momentum, but the landscape is shifting from a speculative infrastructure buildup to a rigorous execution phase. For long-term investors, the smart move is to target companies with platform lock-in, balance sheet flexibility, and highly scalable monetization models.
Three specific names stand out if you want to put cash to work in the Mag 7 right now.
Image source: Getty Images.
1. Alphabet Alphabet (GOOGL +4.62%) (GOOG +4.78%) has successfully turned its investments in artificial intelligence (AI) into meaningful financial gains. The company has integrated Gemini models into its core search and services segments, which drove a 19% year-over-year increase in search revenue in the recent quarter alone to $60.4 billion.
This digital ecosystem continues to generate predictable capital. Google Cloud is a key growth engine as businesses shift their workloads to AI. In the latest quarter, Google Cloud revenue increased by 63% year over year to $20 billion, while operating income just for that segment more than tripled to $6.6 billion.
Today's Change
(
4.62
%) $
15.58
Current Price
$
352.97
Alphabet is also establishing its position as a leader in autonomous mobility through Waymo, which now provides over 500,000 paid robotaxi rides each week across 10 U.S. cities and is rapidly expanding. Supported by a roughly $460 billion cloud backlog, Alphabet remains a resilient choice for long-term tech investors looking for a profitable tech business at a reasonable valuation.
2. Meta Platforms Meta Platforms (META +2.84%) is projecting capital expenditures in the range of $125 billion to $145 billion in 2026. Meta uses advanced AI and machine learning models across its family of apps to optimize ad targeting.
Today's Change
(
2.84
%) $
15.61
Current Price
$
565.86
This optimization increased Q1 revenue by 33% year over year to $56.3 billion and resulted in a 61% increase in net income to $26.8 billion. Meta's open-source Llama AI framework commoditizes rival software and establishes its own architecture as a global developer standard. By offering its AI models for free, Meta encourages outside engineers to optimize its code at no cost to the company.
This crowdsourced engineering addresses vulnerabilities and reduces processing costs more quickly than any closed system. Meta can then redirect its large cash reserves into highly targeted ad tools. This makes it less likely for advertisers to switch platforms. While Meta is working on a range of other projects, including its Meta FAIR (Fundamental AI Research) division and wearables, the core ad engine is still driving the train for the business and the stock.
3. Microsoft Microsoft (MSFT 0.96%) has one of the most resilient enterprise software ecosystems on the planet. Once a business integrates its daily workflows into Windows, Office, and Azure, switching to a competitor becomes risky and expensive.
Today's Change
(
-0.96
%) $
-3.56
Current Price
$
369.40
Microsoft uses this leverage to cross-sell its Copilot automation tools as a premium software tier. This compounding model was evident in its latest quarterly results. Total revenue grew by 18.3% year over year to a record $82.9 billion. Azure revenue growth accelerated to 40% as corporations sought AI compute and storage clusters.
Once an organization integrates its data and compliance protocols into Azure, Microsoft uses this lock-in to capture growing corporate IT budgets. Despite large data center construction costs, Microsoft maintained an efficient 46% operating margin and generated $32 billion in net income in the recent quarterly readout, up 23% from the prior year.
Gov. Bob Ferguson announcing the new Economic Development Council. (Washington Office of Financial Management Photo) Gov. Bob Ferguson last week recruited top executives from Microsoft, Amazon, T-Mobile, Boeing and other major employers to help shape Washington state’s economic strategy, launching a new advisory council as concerns mount that the state is becoming less competitive for business.
The 26-member Governor’s Economic Development Council is the first such governor-led economic advisory body in roughly two decades, reviving an approach last used under former Gov. Christine Gregoire in 2006. The group includes leaders from technology, aerospace, organized labor, higher education, tribal governments, ports and economic development organizations who will advise the governor on policies aimed at strengthening Washington’s economy. (See full list below).
One missing ingredient: No members from Washington’s venture capital or startup ecosystem are on the council, even though they are often considered the bench strength of a growing economy.
The announcement comes as executives, startup founders and business organizations have increasingly warned that higher taxes, rising costs, permitting delays and an uncertain regulatory environment are making Washington a more difficult place to build and grow companies. Ferguson recently signed the so-called “millionaires tax” — a proposed 9.9% tax applied to taxable, personal annual income that exceeds $1 million.
Some of the region’s wealthiest and most prominent entrepreneurs — including Zillow and Expedia co-founder Rich Barton; Amazon founder Jeff Bezos and former Starbucks CEO Howard Schultz — have publicly announced moves out of Washington state in recent years.
Starbucks also recently announced a major expansion in Nashville, and Montana Gov. Greg Gianforte of earlier this month announced that Sedro Wooley, Wash.-based Janicki Industries chose Great Falls for the site of an $800 million manufacturing center expected to create 1,000 jobs.
“Washington is our home, and that is not changing,” said John Janicki, president of Janicki Industries, in a press release. “Our footprint in Washington has continued to grow but is slowing due to ever-increasing regulations and lack of business understanding at an executive and legislative level.”
Meanwhile, a recent survey from the Association of Washington Business found that 24% of businesses are considering a relocation out of the state, up from 17 percent in the prior quarter.
Washington’s economic climate was also one of the reasons why GeekWire recently traveled to Cleveland, where we explored how the Midwestern city was positioning itself for a changing economy, and the lessons that Washington could learn from it.
“We cannot take our strength for granted,” Ferguson said in announcing the council. “I’m launching a historic convening of top leaders from around Washington state to help guide the next chapter of economic prosperity for our state.”
The council will help develop Washington’s long-term economic strategy, identify opportunities to create family-wage jobs, evaluate the state’s competitiveness against other states and global markets, recommend ways to attract new employers and review regulatory barriers that may be slowing economic growth. The group will meet quarterly and submit recommendations to the governor.
The council’s creation comes after months of growing unease within Washington’s technology and business community.
GeekWire has reported extensively on criticism surrounding this year’s tax package, which raised business taxes on many employers and expanded the sales tax to additional services, including advertising. Business groups warned the measures could discourage investment and expansion in Washington, while lawmakers argued the revenue was necessary to close a multibillion-dollar budget gap and preserve essential public services.
The broader economic backdrop remains mixed. Washington continues to rank among the nation’s strongest state economies and remains home to global leaders in artificial intelligence, cloud computing, aerospace and life sciences. At the same time, employers are navigating higher borrowing costs, federal policy uncertainty, trade tensions and intensifying competition from states aggressively courting new investment.
As one example, Ohio Gov. Mike DeWine recently encouraged people and businesses from places like Washington to consider Ohio.
“Come work in Ohio,” DeWine noted after a question from GeekWire about advice he’d provide to Washington. “You will not find a better place, better people, quality of life. Cost of living is low compared to the two coasts.”
In the press release announcing Janicki Industries’ Montana expansion, Gianforte was a bit more blunt.
“The Treasure State is proud to attract job creators like Janicki that choose to expand from high-tax, high-regulation blue states to take advantage of our unmatched quality of life, lower taxes, and strong workforce,” he said. “I look forward to seeing the impact of this significant investment.”
Ferguson has sought to make economic development a central priority during his first year in office. His administration has highlighted efforts to speed permitting across state agencies, increase housing production and invest in sectors including quantum computing, advanced manufacturing and clean energy.
However, some have argued that the governor’s efforts come a bit too late, and are only be instituted in response to criticism. Gov. Ferguson shot back at that contention in the press conference last week, saying he doesn’t worry about critics and he’s interested in “solving problems.”
“I didn’t wake up last week and think about forming this council,” he said. “To be clear, as I mentioned in my talking points, this was an effort we really started last year and was an outgrowth of having conversations with many of the folks behind me and many other people across the state.”
Whether the new council ultimately leads to meaningful policy changes remains to be seen. But its creation sends a signal that Ferguson intends to place economic competitiveness — and closer engagement with Washington’s business community — near the center of his administration.
Amazon Chief Global Affairs and Legal Officer David Zapolsky, a member of the newly created council, called the formation of the group an “important step.”
“When the public and private sectors align around shared goals, communities benefit,” he said.
Governor’s Economic Development Council members:
Michael Cade — Incoming Board Chair, Washington Economic Development Association; Executive Director, Thurston County Economic Development Council Dr. Betsy Cantwell — President, Washington State University Leonard Forsman — Chairman, Suquamish Tribe Denny Heck — Washington State Lieutenant Governor Kris Johnson — President, Association of Washington Business Trevor Johnson — CEO, Blackwood Homes Dr. Robert Jones — President, University of Washington Mike Katz — Chief Business & Product Officer, T-Mobile Mary Kipp — President & CEO, Puget Sound Energy Heather Kurtenbach — Executive Secretary, Washington State Building & Construction Trades Council Dr. Thomas J. Lynch Jr. — President & Director, Fred Hutchinson Cancer Center Julianna Marler — CEO, Port of Vancouver West Mathison — President & CEO, Stemilt Growers Stephen Metruck — Executive Director, Port of Seattle Denise Moriguchi — President & CEO, Uwajimaya Stephanie Pope — President & CEO, Boeing Commercial Airplanes Heather Rosentrater — President & CEO, Avista Michael Senske — Chairman & CEO, Pearson Packaging Systems April Sims — President, Washington State Labor Council, AFL-CIO Brad Smith — Vice Chair and President, Microsoft Rachel Smith — President, Washington Roundtable Bill Sterud — Chairman, Puyallup Tribe Shane Tackett — President and Chief Financial Officer, Alaska Airlines Monique Valenzuela — Executive Director, Ventures Dr. Rebekah Woods — President, Columbia Basin College David Zapolsky — Chief Global Affairs & Legal Officer, Amazon
LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming August 11, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Microsoft Corporation (“Microsoft” or the “Company”) (NASDAQ: MSFT) common stock between May 1, 2025 and January 28, 2026, inclusive (the “Class Period”).
IF YOU SUFFERED A LOSS ON YOUR MICROSOFT INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.
What Happened?
On January 28, 2026, Microsoft announced disappointing results for its second quarter of fiscal 2026, revealing that growth of its cloud computing platform, Azure, had slowed suddenly and fallen below analyst expectations due primarily to computational capacity constraints, as the Company had diverted central processing unit and graphics processing unit capacity to applications for its generative AI chatbot, Copilot, and AI-related research and development. The Company also revealed that its capital expenditures had increased to $37.5 billion during the quarter, causing the Company’s capital expenditures for the first six months of fiscal 2026 to expand to $72.4 billion compared to $88.2 billion for the entirety of fiscal 2025, largely due to AI-related research and development and Copilot development and capacity buildout costs. Additionally, Microsoft disclosed that the amount of paying users of Copilot was well below analyst estimates.
On this news, Microsoft’s stock price fell $48.13, or 9.99%, to close at $433.50 per share on January 29, 2026, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Microsoft’s Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) that Microsoft’s flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) that Microsoft needed to increase by billions of dollars its capital expenditures and divert GPU and CPU capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related R&D; (4) that, as a result of the foregoing, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and the Company’s Copilot offerings had lost market share to rival products, a trend that was increasing; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Microsoft common stock during the Class Period, you may move the Court no later than August 11, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
by Mary Jo Foley on Jun 29, 2026 at 10:44 amJune 29, 2026 at 10:44 am
Jacob Andreou speaks onstage during TechCrunch Disrupt 2023. (Photo by Kimberly White/Getty Images for TechCrunch, CC By 2.0) It’s not surprising that Microsoft is looking to turn its Copilot platform into a “Super App,” given that its rivals are doing the same. But Microsoft is going about the task in a way that doesn’t follow its usual playbook, by putting a big bet on a consumer-savvy hire from the outside with some feather-ruffling ways.
The company’s newly minted Copilot Executive Vice President Jacob Andreou came to Microsoft from Greylock Partners and before that, Snapchat-maker Snap. Andreou currently oversees more than 11,000 Microsoft employees, according to a recent profile in Fortune.
Microsoft is bringing onboard another former Snap (and Discord) vice president, Peter Sellis, to help, GeekWire has learned. Sources say Sellis will be leading Copilot Design, Growth and Engineering, reporting to Andreou.
Andreou is part of a recently formed Copilot Leadership Team. His charter is to lead the “Copilot experience” by driving design, product, growth and engineering, as outlined in a March 2026 reorg memo from CEO Satya Nadella. He is one of a small group charged with shaping the future of Copilot, alongside others focused on the underlying Copilot platform and AI models.
Given Andreou’s Snap background, his plan to meld Microsoft’s consumer and enterprise Copilot experiences makes sense. It won’t be a snap, however. (See what I did there?)
Even though both share the Copilot brand, consumer Copilot and Microsoft 365 Copilot don’t work the same way or use the same data sources or architecture. To boot, Microsoft hasn’t had a lot of luck with this kind of consumer-enterprise unification, as evidenced by the low interest in and uptake of its free, consumer-focused Teams product compared to its business-focused Teams collaboration offering.
The 33-year-old, Los Angeles-based Andreou seemingly is undaunted by the challenge and is pushing some employees to clock 12-hour days to keep up with younger, AI-focused companies, Fortune reports.
Microsoft was infamous for requiring employees to work long hours and weekends during crunch times leading up to delivering Windows NT and Windows 95, but not so much in recent years. Microsoft is known as a place where outsiders often struggle to thrive compared to those who climb the corporate ladder for years, making Andreou’s approach feel even riskier.
Andreou has been a big backer of the Tasks productivity layer in consumer Copilot, which is still in public preview. Tasks, which enables Copilot to handle actionable items, is similar to the recently released Copilot Cowork layer that is part of Microsoft 365 Copilot. (I asked Microsoft if the two would merge as a single Cowork-type offering at some point but was told the company had no comment.)
However, the holy grail remains the “Super App.” With the Copilot Super App, Microsoft is looking to give consumers and business users a reason to stay within Copilot regardless of the AI task with which they – or their agents – are engaging.
“Come summer, we will be bringing coding to all knowledge work within one Copilot Super App. That’s really exciting. So you’re going to have Chat, Cowork, and Code all in Copilot,” Nadella told Microsoft Build conference attendees in early June.
Microsoft isn’t the only AI-focused company working on extending its AI coding capability beyond just developers. Nor is it the only one betting on the Super App concept.
OpenAI is working to turn ChatGPT into a Super App that brings together ChatGPT and Codex into a single environment that operates like a personal assistant. Anthropic is extending Claude to become a Super App (though it hasn’t used that terminology), as well, by creating a single environment that combines productivity, development and automation tools. The Copilot Super App isn’t Andreou’s only focus. He tells Fortune that AI model choice and home-grown AI model excellence also are among his key priorities.
Microsoft is expanding model choice in the Copilot Cowork feature beyond Anthropic to include OpenAI and soon, Microsoft’s own Cowork 1 model – which may be based on Microsoft’s hosted version of the open-source DeepSeek model. Cowork 1 will be the newest addition to Microsoft’s growing pool of Microsoft-developed models, seven of which debuted at Build this year. Microsoft is seeking to position itself as the champion of lower cost, efficient models built for those who are token-maxxed out.
Andreou definitely has his work cut out for him as a consumer guy in a heavily enterprise-centric company.
Microsoft 365 Copilot and consumer Copilot are just two of more than two dozen different “Copilot”-branded commercial offerings available across the various Microsoft product teams, which can feel overwhelming.
Microsoft also needs to give users a clearer way to find and use the quickly expanding stable of first- and third-party agents, like the OpenClaw-based Microsoft Scout personal assistant. Will Andreou and his Super App quest bring at least some order to the Copilot and agent madness? We’ll know more sometime this summer.
NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Microsoft Corporation (NASDAQ: MSFT) that a class action has been filed on behalf of shareholders who purchased securities between May 1, 2025 and January 28, 2026. Find out if you qualify to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
During the Class Period, MSFT shares traded at all-time highs above $550 per share as management touted "best-in-class" AI capabilities and record Microsoft 365 Copilot adoption across 90% of the Fortune 500. The lead plaintiff deadline is August 11, 2026.
How Alleged Misrepresentations Inflated MSFT's Market Price
The securities action asserts that Microsoft's stock price was artificially inflated by a sustained campaign of optimistic statements about the Company's AI products and cloud infrastructure. Throughout the Class Period, executives claimed Copilot was the fastest-growing product in Microsoft 365 history, that usage intensity was doubling quarter over quarter, and that Azure AI services were driving 16 points of cloud revenue growth. These statements allegedly fueled investor demand that pushed MSFT to record valuations.
The complaint contends that behind these public proclamations, the Copilot family of products suffered from significant brand positioning failures, data siloing limitations, computational capacity constraints, and interoperability problems that defendants knew about or recklessly disregarded. When the market began processing the gap between the Company's representations and the actual state of its AI offerings, billions in shareholder value evaporated.
The Azure-OpenAI Revenue Loop and Market Perception
Investors bid MSFT shares higher in part because of management's emphasis on massive AI-related contracts. The lawsuit chronicles how executives highlighted OpenAI's 30 billion compute capacity agreement as proof of surging demand. The action claims these figures obscured the circular nature of the arrangements: Microsoft invested billions in these same LLM providers, who then committed to spending those dollars back on Microsoft's Azure platform. The filing states this dynamic created an appearance of organic demand growth that the market relied upon when pricing MSFT shares.
Market Repricing After Concealed Problems Emerged
The complaint details how the market ultimately reassessed MSFT's valuation as investors learned that:
Copilot's "record" adoption figures masked deep user experience and interoperability failures that limited real-world productivity gainsThe Company's AI infrastructure buildout, including plans to double its data center footprint, carried concentration and return-on-investment risks that were downplayed to investorsSeat growth was concentrated in lower-ARPU segments like small businesses and frontline workers, undermining the revenue acceleration narrativeThe multibillion-dollar LLM provider partnerships created circular revenue dependencies rather than the independent demand growth executives described See if you can recover losses from your MSFT investment or call (212) 363-7500.
"When companies fail to disclose material information, shareholders may suffer significant losses. The magnitude of MSFT's market capitalization swing following these revelations underscores how heavily investors relied on management's AI growth narrative," stated Joseph E. Levi, Esq.
Join the Microsoft securities recovery action now or contact Joseph E. Levi, Esq. at (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. The last day to move for lead plaintiff is August 11, 2026.
Frequently Asked Questions About the MSFT Lawsuit
Q: How much did MSFT stock drop? A: Shares traded at all-time highs above $550 per share during the Class Period before declining significantly after the market began processing that Microsoft's AI product claims were allegedly misleading. Investors who purchased shares at artificially inflated prices may be entitled to compensation.
Q: What specific misstatements does the MSFT lawsuit allege? A: The complaint alleges Microsoft made materially false or misleading statements regarding the success, adoption, and performance of its Copilot AI products and the return on investment for its multibillion-dollar AI capital expenditures, while concealing significant technical and organizational problems.
Q: What do MSFT investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my MSFT shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the Class Period and sold at a loss may still participate.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution.
Q: Can I join a different law firm's lawsuit instead? A: Multiple firms often file competing complaints. The court consolidates and appoints a single lead counsel. Contacting Levi & Korsinsky before August 11, 2026 ensures your losses are considered.
A zero-fee L2 built for DeFi and real-world assets cannot list a lending market, a perp, or a tokenized fund until something prices the collateral. Price oracles are the gate every other application waits behind. DIA provides that layer on TeQoin.
TeQoin is an EVM-compatible Optimistic Rollup built for sub-second, zero-fee transactions, with a stated focus on unifying payments, DeFi, real-world assets, and cross-chain liquidity into one ecosystem. Its testnet processed over a million transactions in its first month. The throughput is there. What turns throughput into financial applications is reliable price data, and that is what DIA provides.
The integration puts DIA’s oracle stack on the chain, available to any team building on TeQoin. Price feeds for liquid digital assets, sourced first-party from CEXs and DEXs, give lending markets and perps the marks they settle against. Custom oracles cover assets and data points beyond the standard set, added on demand rather than from a fixed list. DIA Value brings intrinsic valuation for real-world assets, with Proof of Reserve for assets whose backing needs verifying. Verifiable randomness is available for applications that need provably fair outcomes. What a team can deploy on TeQoin is now defined by that stack, not by what it can source and maintain on its own.
DIA’s price feeds are computed transparently. Independent Feeder nodes pull trade data directly from exchanges, submit it on-chain to Lasernet, DIA’s Ethereum L2, where it is aggregated with outlier filtering and staleness checks before delivery. The methodology and the inputs are visible, which is the property risk-conscious builders look for when they choose what their markets depend on.
We're building TeQoin to be where real financial products live onchain, not just where they get tested. That ambition only holds if the infrastructure underneath is institutional-grade, and pricing is the most load-bearing part of it. We chose DIA because its data layer is verifiable and can price the full range we care about, from liquid tokens to real-world assets, which is what a chain needs to attract serious builders and serious capital. As the market moves toward tokenized, real-world finance, this is the foundation we're standing on.
Sam Baumann
CEO, TeQoin
From day one, teams launching on TeQoin have a DeFi oracle layer in place. Lending protocols can price collateral. Derivatives venues can settle against reliable marks. RWA issuers can bring tokenized products to a chain that can already value them. DIA owns the integration and the upkeep, so builders spend their time on the application, not on data plumbing.
Pricing infrastructure rarely gets named in a launch announcement. It gets noticed when it fails. DIA’s role on TeQoin is to make sure it doesn’t.
TeQoin uses DIA as its DeFi oracle layer. DIA built and maintains a native feeder on the network, live on testnet and carrying into mainnet, so any dApp on TeQoin can read price data on-chain without running its own data infrastructure.
DIA provides feeds for liquid digital assets sourced first-party from centralized and decentralized exchanges. Feeds are added on demand rather than from a fixed list, so builders can request the specific assets their application needs.
For assets that don’t trade on an order book, such as tokenized treasuries or fund NAV tokens, DIA Value computes intrinsic worth from on-chain contract state and reserve data. Proof of Reserve is available where an asset’s backing needs to be verified against the contracts that hold it.
Yes. DIA delivers custom oracles for any dApp on TeQoin, covering assets and data points beyond the standard feed set, alongside verifiable randomness for applications that need it.
Independent Feeder nodes pull trade data directly from exchanges and submit it on-chain to Lasernet, DIA’s Ethereum L2, where it is aggregated with outlier filtering and staleness checks before delivery. The sources and the methodology are transparent and verifiable.
Canada, England or the U.S. to the final? BrewDog and Tilray Beer are ready to pour a £1 million bar tab for fans across participating BrewDog pubs1 and Tilray-owned brewpubs2.
NEW YORK and TORONTO and ELLON, United Kingdom, June 29, 2026 (GLOBE NEWSWIRE) -- Scottish brewer BrewDog, owned by Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY), today announced that Canada has been added to BrewDog and Tilray Beer’s world’s biggest bar tab promotion after Canada advanced to the next round in the world’s biggest football tournament. Tilray and BrewDog are proud to celebrate Canada’s historic run and are expanding the promotion so that, if Canada reaches the final — in addition to England or the United States — the companies will activate a £1 million bar tab for fans. This promotion is not affiliated with, sponsored by, endorsed by, or in any way officially connected with any international football governing body, team, federation, league or tournament.
Irwin Simon, Chairman and Chief Executive Officer, Tilray Brands, said, “We are so proud to add Canada to the world’s biggest bar tab as the team advances to the next round and captures the energy and pride of fans across the country. By expanding this celebration to include Canada, we are giving even more fans the chance to come together, wear their jersey, raise a pint and be part of the excitement. If Canada, England or the United States reaches the final on football’s biggest world stage, we are ready to help fans celebrate together across participating BrewDog pubs and Tilray-owned brewpubs.”
The celebration will now kick in if Canada, England or the United States reaches the final of the world’s biggest football tournament. Once activated, BrewDog will open a £1 million bar tab from 20 July, the day after the final match. If Canada advances to the final, fans just need to wear their Canada jersey to claim up to two free pints per person at one of our participating pubs, on a first-come, first-served basis, while pints last. Fans wearing an eligible Canada, England or U.S. team jersey can claim up to two free pints per person, on a first-come, first-served basis, while pints last at participating Tilray-owned BrewDog pubs, excluding franchised BrewDog bars, and at participating Tilray-owned brewpubs, including SweetWater Brewing, 10 Barrel Brewing, Blue Point Brewery, Breckenridge Brewery, Montauk Brewing, and Terrapin. Fans should get their jerseys ready now, rally their crew and be ready to move fast if one of the eligible teams reaches the final.
From BrewDog pubs to Tilray’s broader craft beverage venues, the bar tab is designed for the kind of celebration sports fans live for — packed pubs, team colours, cold pints and one massive reason to cheer — with BrewDog bars continuing to build their role as go-to destinations to watch sporting events all summer long.
Beyond football, participating BrewDog bars will be activating watch parties and big-screen moments around major sporting occasions throughout the summer, including auto-racing in July and August, major golf tournaments in July, the return of top flight football in August, and world-class tennis tournaments, with the biggest matches shown across participating venues.
Terms & Conditions
The promotion will be activated only if Canada, England or the United States men’s national team reaches the final of the 2026 international men’s football tournament in North America. If activated, the £1 million bar tab will open from 20 July, the day after the final match. This promotion is not affiliated with, sponsored by, endorsed by, or in any way officially connected with FIFA or any other international football governing body, team, federation, league or tournament. The £1 million bar tab will be opened by BrewDog and redeemable at participating Tilray-owned BrewDog pubs only in Scotland, England, Ireland, and Las Vegas, excluding franchised BrewDog bars, and is redeemable at participating Tilray-owned brewpubs, including SweetWater Brewing, 10 Barrel Brewing, Blue Point Brewing, Breckenridge Brewery, Montauk Brewing, and Terrapin. Ohio BrewDog bars and Tilray-owned bars in Oregon are not included in participation due to local laws. Fans must be wearing a Canada, England or U.S. team jersey at the time of redemption. Redemption is limited to two free pints per person. Free pints are available on a first-come, first-served basis while funds and stocks last. Offer is subject to availability, applicable local laws and venue participation; no cash alternative; valid government-issued ID may be required; please drink responsibly. Participants must meet the legal drinking age requirements in the country or region where redemption takes place. Additional terms, timing, participating locations and redemption details may apply and will be announced if the promotion begins.
About BrewDog
BrewDog, the #1 craft beer brand in the UK, has always had one mission: making people as passionate about great beer as we are.
From iconic classics like Punk IPA, to crowd-pleasers like Lost Lager and Wingman, to boundary-pushing innovations like NanoDog, BrewDog has been brewing bold, distinctive beers since 2007.
Born in Scotland and built by a passionate community of beer lovers, BrewDog has grown into one of the world’s most recognizable craft beer brands, with a global presence spanning breweries, bars and distribution across multiple international markets. BrewDog’s future will continue to be shaped by the three things that matter most: People, Planet and Beer.
For more information, visit www.brewdog.com or follow @BrewDog on social media.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods and craft beverages.
For more information on how we are elevating lives through moments of connection, visit
Tilray.com and follow @Tilray on all social platforms.
Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.
1 Participation includes Tilray-owned BrewDog brewpubs only – does not included franchise locations or BrewDog in Ohio due to local laws.
2 Participation does not include Tilray-owned brewpubs in Oregon due to local laws.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e1c1f20e-c185-48fe-8264-e16c9e16d70e
If you asked me which stock would have a better 2026, Nvidia (NVDA +0.93%) or Advanced Micro Devices (AMD +2.74%), I would have said Nvidia without hesitation. If the only thing you had to look at were business results, you'd likely come to the same conclusion as my projection.
However, the market is in love with AMD's stock, and it has trounced Nvidia's year-to-date performance. Since the start of 2026, AMD's stock has risen a jaw-dropping 144%. Nvidia has barely done anything, rising about 4%. Clearly, the market prefers AMD to Nvidia stock.
But will that continue into the latter half of 2026? Let's take a look.
Image source: Getty Images.
AMD is putting up a fight in the AI computing arena AMD and Nvidia are both deeply involved in the AI computing build-out. Nvidia is more exposed than AMD, but AMD still gets over half its revenue from data center-related products. From the start of the AI race, Nvidia's products were hands down better than AMD's. Additionally, Nvidia had its graphics processing unit (GPU) controlling software, CUDA, that was ages ahead of AMD's offering. This allowed Nvidia to capture a large market share, and it became the go-to computing unit for all AI workloads.
AMD has clawed itself back into the mix and launched several exciting products, like its Instinct MI350 series. This landed AMD several deals, including one with OpenAI. All of this added to the hype around AMD's stock indicating that it could become a legit competitor in the AI data center landscape.
Today's Change
(
2.74
%) $
14.29
Current Price
$
535.87
This caused the stock to surge throughout 2026, as the prevailing sentiment is that AMD has caught up with Nvidia. The problem is that that's just not the case.
Nvidia is crushing AMD in nearly every financial metric The "AMD is back" argument falls apart when you compare its results to Nvidia's. In the first quarter, AMD's data center division grew at a respectable 57% year-over-year pace and a 7% quarter-over-quarter pace. Nvidia nearly doubled those results, with data center revenue rising 92% year over year and 21% quarter over quarter. As for size, Nvidia is nearly 15 times larger, with its data center division generating $75.2 billion in Q1, and AMD's totaling $5.8 billion. In the company-wide view, Nvidia is still winning the race.
NVDA Net Income (TTM) data by YCharts.
So, how is Nvidia's stock underperforming AMD's so badly? In my view, the market has become irrational with AMD's stock. After its major run-up, AMD now trades for a shocking 71 times forward earnings. Nvidia trades at a far cheaper and more reasonable 21.6 times forward earnings. That means AMD's earnings must more than triple after 2026's growth is accounted for, just to trade at the same level that Nvidia does today.
That seems like an absurd mismatch of valuation and expectations, and with Nvidia not shrinking at all, it makes AMD seem like a worse stock pick for the future. I'm not betting against AMD stock in any way, as the market can remain irrational longer than I can stay solvent. Still, after looking at AMD and Nvidia, I have a hard time rationalizing investing in AMD versus Nvidia.
AMD appears to have already taken some of Nvidia's market share, according to the stock's sentiment (it really hasn't), while Nvidia appears to be losing every battle it's getting into (it's not). There is a huge mismatch in expectations, and I think investors would be smart to take advantage of it by selling AMD shares and instead investing that into Nvidia's stock, as it looks like a great value right now.
Just because Nvidia is the biggest company in the world, it doesn't mean it has reached a ceiling. It can go far higher, and if expectations come back to reality for other AI competitors, Nvidia's stock is primed to skyrocket.
I've been bullish on the AI CapEx trade for a while, but this rotation is forcing me to reassess nearly every position I own. The Mag 7 are now a drag on the indices.
Amazon.com (AMZN) and Walmart (WMT)-owned Flipkart are ramping up their push into India's fast-growing quick-commerce market, putting fresh pressure on incumben
Most of the Street holds more moderate views SanDisk (NASDAQ:SNDK | SNDK Price Prediction), with the consensus 12-month target sitting at $1,912.04. Then Citi’s Asiya Merchant raised her target to $2,500 from $2,025 on June 25, 2026, maintaining a Buy landed and reset the ceiling. Consensus implies roughly flat from here. Citi sees $500 more to go per SNDK share.
But can SNDK realistically reach $2,500 by the end of 2026? The setup is unusual: a memory company posting hyperscaler-grade growth, zero long-term debt after retiring $650 million in obligations, and a freshly authorized buyback running alongside Q4 guidance that implies sequential acceleration.
For long-term investors and retirement accounts, the question is whether the structural NAND cycle has truly changed, or whether this is another cyclical peak dressed up as secular growth.
Asiya Merchant’s $2,500 SNDK prediction Citi analyst Asiya Merchant’s call hinges on Micron’s blowout quarter signaling the NAND market stays tight through 2027. The fundamentals back it. SanDisk just posted revenue of $5.95 billion, a 25.68% beat, with datacenter revenue up 645% YoY and 233% sequentially. Gross margin expanded from 22.5% to 78.4% YoY. That is the mechanic Citi is pricing. Datacenter revenue surged 645% year-over-year to $1.47 billion, Edge climbed 295% to $3.66B, and even the Consumer segment grew 44% to $820 million. This is broad-based strength that distinguishes this cycle from prior NAND upturns driven by a single end market.
Furthermore, CEO David Goeckeler framed the quarter as “a fundamental inflection point for Sandisk — where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter.” He also flagged the company’s “new business model built on multi-year customer engagements backed by firm financial commitments,” which he said is “driving structurally higher and more durable earnings power.” Five such New Business Model agreements have already been signed: three in Q3 and two in Q4. This gave Citi rare multi-year visibility into a name that historically traded on spot-pricing whims.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn't make the cut. Grab the names FREE today.
Key drivers of SNDK stock performance Structural NAND shortage. Supply tightness is expected to persist through 2028. That tightness acts as a moat that protects pricing across the multi-year window retirement accounts depend on. Industry watchers expect the imbalance to persist through 2028, supported by disciplined capex from SanDisk, Kioxia, and the rest of the NAND oligopoly. AI datacenter demand. Hyperscaler capex plus KV-cache offload to SSDs put NAND at the center of inference infrastructure. Five multi-year customer agreements signed give rare earnings visibility for a memory name. The ramp of BiCS8 NAND and the rollout of High Bandwidth Flash (HBF) for AI inference further expand the addressable market beyond traditional storage. Cash generation. $2.99 billion of free cash flow last quarter, zero long-term debt, and a fresh buyback authorization fund the next phase without dilution. With zero long-term debt and a newly authorized share repurchase program, management has optionality on capital returns that few memory peers can match. What will it take for SNDK to reach $2,500? SanDisk’s implied market capitalization would be roughly 25% more than the current $300 billion market cap. For that to clear, three conditions matter.
NAND pricing has to hold into 2027 and beyond, which would validate the structural-shortage thesis. Q4 guidance of $7.75 billion to $8.25 billion in revenue and Non-GAAP EPS of $30 to $33 needs to land at or above the high end, with non-GAAP EPS of $30.00–$33.00 and gross margin of 79.0%–81.0% confirming that pricing power is sticking. The New Business Model contracts must scale toward the $42 billion in committed supply already cited by analysts, locking in multi-year revenue at premium margins. The primary risk is valuation. Trailing P/E sits near 70x, the stock has dropped about 13.6% in a single session during a Korea-led tech selloff, and insider selling has appeared at the highs. Other risks include reliance on the Kioxia strategic relationship, customer concentration among hyperscalers, evolving trade and tariff policy, and cybersecurity exposure inherent to large-scale semiconductor operations.
SanDisk only separated from Western Digital (NASDAQ:WDC) in February 2025, so the standalone operating track record is short. Therefore, investors are effectively underwriting a thesis based on a handful of quarters.
Still, if the shortage thesis holds and the New Business Model contracts deliver the visibility management has promised, Citi’s $2,500 is defensible. Moreover, the long-term setup remains intact for investors who can stomach the volatility.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SanDisk didn't make the cut. Grab the names FREE today.
Ford has rehired experienced human engineers to help address the shortcomings of artificial intelligence (AI) tools meant to tackle quality issues in the automaker's production processes.
The hiring push helped Ford top the JD Power 2026 U.S. Initial Quality Study (IQS) for the first time since 2010 amid improvements in the quality of its new vehicles, and follows some hard-learned lessons about the ability of AI to replace human knowledge in production processes.
"Artificial intelligence is a fantastic tool, but it's only as good as the information you use to train it," Charles Poon, Ford's vice president of vehicle hardware engineering, said on a press call Wednesday, according to a report by Bloomberg.
"Over prior years, we didn't pay as much attention as we should have to the experience of our most knowledgeable engineers that have been with us through many product cycles," he said.
FORD TEAMS UP WITH OUTDOOR OUTFITTER FILSON TO LAUNCH NEW BRONCO SUV
Ford rehired veteran engineers to help guide AI systems that weren't sufficient to improve production quality on their own. (Jim Young/AFP via Getty Images)
"Mistakenly, we thought that by just introducing artificial intelligence and ingesting the design requirements that we had, that would produce a high quality product," Poon said.
He also noted that the AI tools lacked the training and expertise that veteran technicians have, and many of the company's veteran technicians left Ford before their knowledge could be used to improve the performance of the AI tools.
"We recognized that for us to enhance some of our automation and machine learning and artificial intelligence tools, we needed to ensure that they were trained by the most experienced individuals," Poon said.
FORD CEO SAYS 'CUSTOMER HAS SPOKEN' AFTER EV SHIFT DRIVES MAJOR QUARTERLY LOSS
Ticker Security Last Change Change % F FORD MOTOR CO. 14.13 +0.02 +0.14% The Detroit giant said that it has hired about 300 veteran engineers to work in its vehicle engineering division in the last few years.
"Free from daily production schedules, these engineers now act as internal auditors, running mandatory weekly design reviews to hunt for and eliminate potential failure points before blueprints ever reach the factory floor," Ford said in a release.
Ford Chief Operating Officer Kumar Galhotra said that the experienced engineers and technical specialists were "at the heart" of the company's efforts to improve production quality by addressing process issues before they're incorporated into workflows.
FORD RECALLS MORE THAN 255,000 FOCUS VEHICLES OVER ENGINE STALL RISK
Ford CEO Jim Farley said the quality improvements are helping Ford's bottom line. (Nic Antaya/Getty Images)
Ford CEO Jim Farley told Bloomberg TV that the shift is helping improve the company's financial performance, with spending on warranty coverage and recalls coming down, which in turn is boosting the automaker through cost reductions.
JD Power's 2026 IQS not only placed Ford at the top of the list for the first time in 16 years, but it also ranked the Ford F-150, Ford Mustang and Ford Super Duty at the top of their respective segments for the second straight year.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Additionally, the Ford Escape, Ford Explorer, Ford Expedition and Ford Maverick also ranked among the top three in their segments – which meant that seven of the company's top 10 models ranked in the top three of their categories.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
Goldman Sachs (GS) strategists have projected another strong earnings season for US companies, with the AI investment boom and windfall energy profits potential
Key Takeaways PayPal is expanding PYUSD to support faster, more connected merchant payment options.PYUSD is available in 70 markets, helping merchants and customers handle cross-border payments.PayPal's new Payment Services & Crypto business line combines processing, fraud tools and PYUSD. PayPal (PYPL - Free Report) is strengthening its focus on PYUSD to support its long-term merchant payments business. In the first quarter of 2026, the company moved its stablecoin business into the newly created Payment Services & Crypto business line, bringing together payment processing, merchant solutions and crypto services. This reflects PayPal’s focus on providing merchants with faster and more connected payment options as global commerce continues to expand.
The company’s U.S. dollar-backed stablecoin, PYUSD, expanded its availability to 70 markets, allowing more merchants and customers to use the digital currency for cross-border transactions. The expanded reach supports PayPal’s efforts to strengthen its international payment network.
Stablecoins can make payments quicker and more cost-effective by reducing delays and simplifying the movement of funds across countries. As businesses increasingly operate across borders, the company sees rising demand for payment methods that improve transaction speed while lowering costs.
The Payment Services & Crypto division combines Braintree’s payment processing capabilities with fraud prevention, authorization tools and global payment infrastructure. Adding PYUSD to this platform gives merchants another way to accept and transfer funds while benefiting from PayPal’s existing payment ecosystem.
While the stablecoin has made decent progress so far, significant expansion potential remains. Broader adoption by merchants and consumers could improve payment efficiency, lower transaction expenses and strengthen the company’s position in digital payments. The continued expansion of PYUSD is expected to support PayPal’s efforts to build a more flexible and globally connected payments platform.
PYPL Faces Tough Competition in the Payments SpaceBlock (XYZ - Free Report) is expanding Cash App beyond peer-to-peer payments by adding services such as the Cash App Card, direct deposit, borrowing and investing. This broader financial ecosystem is increasing customer engagement, driving Cash App's gross profit climb 38% year over year to $1.91 billion in the first quarter of 2026.
Apple (AAPL - Free Report) continues to strengthen its payments ecosystem through Apple Pay, Apple Wallet and Tap to Pay. With Tap to Pay now available in more than 50 markets and record transaction and paid accounts, these services are boosting user engagement and supporting record Services revenue, which reached a record $31 billion in the second quarter.
PYPL’s Share Price Performance, Valuation & EstimatesShares of PayPal have declined 0.2% in the past three months, outperforming the broader industry but underperforming the S&P 500 Index.
Image Source: Zacks Investment Research
From a valuation standpoint, PayPal shares are trading cheaply, as suggested by the Value Score of A. In terms of forward 12-month P/E, PYPL stock is trading at 8.00X, which is at a significant discount to the Zacks Financial Transaction Services industry’s 17.29X.
Image Source: Zacks Investment Research
PayPal’s estimates have remained unchanged over the past month. The Zacks Consensus Estimate for full-year 2026 EPS is pegged at $5.30.
Image Source: Zacks Investment Research
PayPal currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Moderna outlined a three-horizon pipeline strategy to diversify beyond vaccines across new therapies.MRNA plans to advance its first in vivo CAR-T candidate into clinical studies by the end of 2027.Moderna highlighted AI integration to speed drug discovery and cited several upcoming clinical catalysts. Shares of Moderna (MRNA - Free Report) rose nearly 13% on Friday after the company unveiled a long-term strategy to transform itself from a vaccine-maker into a diversified biotechnology company.
Moderna Looks Beyond Its Vaccine BusinessAt its Science Day event, Moderna outlined plans to expand beyond its traditional vaccine business by leveraging its messenger RNA (mRNA) platform across multiple therapeutic areas.
To execute this strategy, the company has divided its pipeline into three horizons. Horizon 1 comprises its commercial products and late-stage pipeline assets, including the Merck (MRK - Free Report) -partnered personalized cancer therapy, intismeran autogene, and rare disease therapeutics.
Horizon 2 focuses on emerging clinical programs currently being evaluated in early-stage studies. These include cancer antigen therapies such as mRNA-4359, mRNA-4106 and mRNA-4200, along with T-cell engagers, cell therapy enhancers and an investigational therapy for multiple sclerosis.
In contrast, Horizon 3 or "future modalities," consists of earlier-stage research programs that have yet to enter the clinic. These include in vivo CAR-T and CAR-M cell therapies, which could become the company's next-generation growth platforms. As part of this horizon, Moderna unveiled mRNA-6007, its first in vivo CAR-T therapy, which it plans to develop for systemic lupus erythematosus (SLE) and other B-cell-mediated autoimmune diseases. The company expects to advance the candidate into clinical studies by the end of 2027.
MRNA Stock PerformanceThe broader pipeline strategy highlights Moderna's efforts to leverage its mRNA platform beyond vaccines and build multiple long-term growth franchises across oncology, rare diseases, autoimmune disorders and cell therapies. Investors appear to have welcomed this diversification strategy, helping lift the stock to a 52-week high of $69.29.
Year to date, the stock has skyrocketed 128% compared with the industry’s 5% growth.
Image Source: Zacks Investment Research
Moderna Explores AI to Accelerate Drug DiscoveryBeyond expanding its pipeline, Moderna also highlighted plans to expand its use of artificial intelligence (AI) to accelerate drug discovery and development. The company is integrating AI, machine learning and platform data to improve target identification, optimize molecule design and streamline clinical development.
Management believes these capabilities will help improve R&D productivity and support the development of future mRNA-based medicines across multiple therapeutic areas.
Upcoming Catalysts Drive MRNA StockSeveral near-term catalysts could support Moderna’s long-term growth strategy. These include a potential FDA approval of its seasonal influenza vaccine, which is expected early next month.
Investors will also be watching several important clinical milestones that could serve as catalysts for the stock over the coming quarters. These include phase III data on intismeran in melanoma, a readout from the company's late-stage norovirus vaccine program and data from the registrational study evaluating its propionic acidemia candidate.
MRNA’s Zacks RankModerna currently carries a Zacks Rank #3 (Hold).
Key Picks Among Biotech StocksSome better-ranked stocks from the sector are Immunocore (IMCR - Free Report) and Indivior Pharmaceuticals (INDV - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, estimates for Immunocore’s 2026 bottom line have improved from a loss per share of 88 cents to earnings of 6 cents. Over the same period, estimates for 2027 EPS have risen from 24 cents to 87 cents. IMCR’s shares have lost nearly 11% year to date.
Immunocore’s earnings beat estimates in three of the trailing four quarters but missed the mark on one occasion, delivering an average surprise of 46.66%.
Over the past 60 days, estimates for Indivior Pharmaceuticals’ 2026 EPS have increased from $3.33 to $4.05. Over the same period, EPS estimates for 2027 have risen from $3.56 to $4.27. INDV’s shares are up nearly 17% year to date.
Indivior Pharmaceuticals’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 65.44%.
Amazon.com Inc (NASDAQ:AMZN) shares rose nearly 4% in trading on Monday following reports indicating stronger-than-expected consumer demand during its extended Prime Day event, which took place from June 23 to June 26.
According to data from Adobe Analytics shared with Retail Dive, US online retail spending over the four-day period reached approximately $26.4 billion, marking a 9.3% increase compared with the same event last year. The figure also came in slightly ahead of Adobe’s projection of $26.3 billion.
The Prime Day window, shifted earlier to June this year from July in 2025, featured broad participation from major retailers including Walmart and Target, which ran competing promotions during the same period. Shoppers concentrated spending in categories such as electronics, appliances, tools, home improvement, and home and garden products.
Discount levels remained largely consistent with last year’s event. Electronics were discounted an average of 24%, compared with 23% in 2025, while apparel also held steady at 24%. Appliance discounts were unchanged at 16%, and toy discounts edged higher to 20% from 19%.
Adobe data showed consumers increasingly used the promotional period to purchase higher-priced items. The share of purchases in the most expensive product tiers rose 19% compared with year-to-date averages, with electronics in that segment climbing 51%. The trend suggested shoppers were trading up in categories including furniture, appliances, and toys.
Buy now, pay later usage also increased, rising 9.5% year over year and accounting for 6.6% of all online orders, or about $2.1 billion in sales during the period.
While the total spend remains below the roughly $32.45 billion recorded across last year’s Thanksgiving, Black Friday, and Cyber Monday period, Prime Day is narrowing the gap with the year’s largest retail events, which underscores its growing importance in the e-commerce calendar.
Key Takeaways Adobe and Pegasystems use AI and cloud solutions to support enterprise digital transformation.ADBE benefits from Firefly, Acrobat AI Assistant and GenStudio across creative and enterprise workflows.PEGA's cloud shift boosts recurring ACV, but valuation and sentiment give ADBE the edge. Adobe Inc. (ADBE - Free Report) and Pegasystems (PEGA - Free Report) are well-known U.S. software companies using AI to enhance enterprise workflows. Both are helping enterprises in digital transformation through their respective cloud-supported solutions.
Adobe is a leading technology company offering personalized digital experiences through the infusion of AI in its solutions, while Pegasystems is an enterprise software provider that helps global organizations transform their businesses through AI-powered decision-making and a workflow automation platform.
Against this backdrop, which stock among Adobe and Pegasystems is better positioned for sustainable growth?
The Case for ADBEAdobe remains one of the highest-quality franchises in enterprise software, supported by its leadership in creative software, recurring subscription revenues, strong profitability and expanding AI capabilities. Its flagship products enjoy high switching costs and strong customer loyalty, creating a durable competitive advantage that supports pricing power and sustainable long-term growth.
Artificial intelligence is an increasingly important growth driver. Adobe has integrated generative AI across its ecosystem through offerings such as Firefly, Acrobat AI Assistant and GenStudio for Performance Marketing. Firefly is embedded within Creative Cloud applications, enabling users to generate images, edit videos and automate creative workflows. Unlike many AI-native competitors, Adobe can rapidly monetize these innovations through its large installed base of paying subscribers while reinforcing its leadership in creative software.
Adobe has also strengthened its Digital Experience business through acquisitions such as Omniture, positioning the company to benefit from rising enterprise spending on digital transformation. Long-term trends, including cloud adoption, social media, mobile engagement and data-driven marketing, continue to drive demand for its analytics, customer experience and marketing solutions.
The shift from perpetual licenses to a cloud-based subscription model has significantly improved revenue visibility, earnings stability and free cash flow generation, supporting continued investment in innovation, strategic acquisitions and share repurchases. Its balance sheet also remains strong.
Competition from Microsoft, Alphabet, Salesforce and AI-focused platforms such as OpenAI, Midjourney and Canva remains intense. However, Adobe continues to strengthen its competitive position through continuous product innovation and deep integration across creative, marketing and enterprise workflows.
The Case for PEGAPegasystems' transition to a cloud-based subscription model continues to enhance revenue visibility through growing recurring annual contract value (ACV) and subscription revenues. This shift has created a more predictable business with steadier cash flows, higher earnings quality and lower revenue cyclicality. As cloud adoption expands, the company is expected to benefit from greater operating leverage, driven by reduced sales volatility and improved cost efficiency.
Artificial intelligence is another major growth catalyst. Pegasystems has embedded generative AI and predictive AI across its workflow automation and customer engagement platform, helping enterprises automate decision-making, accelerate application development and improve customer service. Pega GenAI Blueprint has become an important pipeline-generation tool, supporting both new customer acquisition and expansion within existing accounts. Management expects deal conversions to accelerate in the second half of 2026.
The company's case-based pricing model aligns revenues with customer outcomes, positioning it to capitalize as enterprises move from AI experimentation to ROI-focused deployments. Continued cloud adoption and disciplined cost management should further support profitability. Gross margin increased from 74% in 2024 to 76% in 2025, with management targeting approximately 80% by 2027-2028.
Pegasystems is also expanding its enterprise presence across financial services, insurance, telecommunications, healthcare, manufacturing and the public sector, supporting long-term demand.
However, competition remains intense. The company faces large enterprise software vendors, including IBM, Microsoft, Oracle, Salesforce, SAP and ServiceNow, as well as specialists such as Appian, NICE and Adobe. Customers may favor broader platforms that bundle CRM, automation, analytics and AI, increasing pricing pressure, extending sales cycles and making enterprise deal wins more challenging.
Estimates for ADBE and PEGA The Zacks Consensus Estimate for ADBE’s fiscal 2026 revenues implies a 11.5% increase, while that for EPS suggests a 15.4% year-over-year increase. EPS estimates for 2026 have witnessed 2.8% upward movement in the last 30 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PEGA’s fiscal 2026 revenues implies a 13.7% increase, while that for EPS indicates a 30.5% increase. The consensus estimate for 2026 earnings has moved 0.8% south in the past 30 days.
Image Source: Zacks Investment Research
Price Performance of ADBE and PEGAADBE shares have lost 42.1% year to date, while PEGA shares have lost 48.5% in the same time.
Image Source: Zacks Investment Research
Are ADBE and PEGA Shares Expensive?Adobe is trading at a forward 12-month price-to-earnings multiple of 7.81, lower than its median of 30.72 over the past five years. Pegasystems’ forward 12-month price-to-earnings multiple sits at 10.53, lower than its median of 38.99 over the past five years.
Adobe is cheaper than Pegasystems presently.
Image Source: Zacks Investment Research
ConclusionAdobe is poised to grow, banking on deepening GenAI focus, an innovative GenAI-powered portfolio and a sustainable competitive moat. It has a VGM Score of A.
Pegasystems benefits from greater scale, long-standing enterprise relationships, robust free cash flow generation and a more compelling valuation. Additionally, growing adoption of its Blueprint AI platform positions the company to capitalize on rising enterprise demand for governed, explainable AI solutions that support secure and reliable business transformation. It has a VGM Score of B.
Though both ADBE and PEGA carry a Zacks Rank #3 (Hold), price performance, valuation, analysts' sentiment and VGM Score give ADBE an edge over PEGA. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways WELL's SHO portfolio benefited from strong demand, lifting first-quarter 2026 SSNOI 16.4% year over year. WELL closed $3.3B of investments in Q1 2026 and has $7.2B more closed or under contract after quarter-end.WELL had $11.1B of liquidity and used free cash flow to repay $700M of senior notes after quarter-end. Shares of Welltower (WELL - Free Report) have gained 20.9% in the past six months, outperforming the industry’s 12.4% upside.
The healthcare real estate investment trust (REIT) holds a diversified mix of healthcare real estate assets across the United States, Canada and the U.K. As populations age and senior healthcare spending rises, its seniors housing operating (SHO) portfolio is well positioned to benefit from growing demand.
Image Source: Zacks Investment Research
Let us decipher the possible factors behind the surge in the stock price of this Zacks Rank #3 (Hold) company.
Welltower continues to benefit from a demand backdrop, supported by an aging population and muted new supply, which have kept occupancy recovery and pricing power intact across the SHO portfolio. Its first-quarter 2026 results reflected total portfolio same-store net operating income (SSNOI) year-over-year growth of 16.4%, driven by 22.1% increase in the SHO portfolio.
Welltower’s investment strategy remains focused on adding seniors housing assets in high-growth markets while expanding operator and geographic diversification. In the first quarter of 2026, the company closed $3.3 billion of pro rata gross investments and, after quarter-end, closed or is under contract to close an additional $7.2 billion of pro rata gross investments.
Welltower is recycling capital into seniors housing and simplifying the portfolio. The outpatient medical portfolio disposition remains a key source of proceeds, with 60 properties sold in the first quarter of 2026 for a total sales price of $1.38 billion. Total cash proceeds from real estate dispositions were $1.72 billion in the first quarter of 2026, reflecting a mix of outpatient medical, triple-net and seniors housing asset sales. Management’s 2026 guidance framework contemplates $4.3 billion of dispositions, which should continue to provide funding capacity for reinvestment.
Welltower’s recent acquisitions have increased exposure to seniors housing in the United States, the U.K. and Canada. Subsequent to quarter-end, on April 1, 2026, Welltower completed the previously announced Amica Senior Lifestyles acquisition in Canada for a pro rata purchase price of C$4.1 billion. The Barchester acquisition, which continues to add both SHO and triple-net assets in the U.K., contributed $238.8 million of revenues in in the first quarter of 2026, while the HC-One acquisition, which added 282 U.K. senior housing properties, contributed $289.1 million in the same quarter. These transactions expand the company’s scale across high-quality portfolios and are expected to support longer-term NOI growth.
Welltower has a healthy balance sheet position and ample liquidity to support continued investment activity. As of March 31, 2026, it had $11.1 billion of available liquidity. Subsequent to quarter-end, the company repaid $700 million of senior unsecured notes at maturity in April 2026 using free cash flow.
Given the above-mentioned factors, we believe the stock’s rising trend is expected to continue in the near term.
Key Risks for WELLA competitive landscape in the senior housing market and tenant concentration in its outpatient medical portfolio are likely to hurt Welltower. Sustained higher interest expenses can weigh on FFO growth.
Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Cousins Properties (CUZ - Free Report) and Prologis (PLD - Free Report) , each carrying a Zacks Rank of #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for CUZ’s 2026 FFO per share is pegged at $2.95, which indicates year-over-year growth of 3.87%.
The Zacks Consensus Estimate for PLD’s full-year FFO per share is pinned at $6.17, which calls for an increase of 6.20% from the year-ago period.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
Through Starlink, SpaceX is set to be either friend or foe to much of the telecommunications industry. Most but not all companies can expect it to be an enemy, according to analysts.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (the "Company" or "Charter") will host a webcast on Friday, July 24, 2026 at 8:00 a.m. Eastern Time (ET) to discuss financial and operating results for the quarter ended June 30, 2026. A press release reporting such results will be issued at 7:00 a.m. ET on July 24.
The webcast can be accessed live via the Company's investor relations website at ir.charter.com. The webcast will be archived at ir.charter.com approximately two hours after completion of the webcast.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company with services available to nearly 59 million homes and small to large businesses across 41 states through its Spectrum brand. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.
More information about Charter can be found at corporate.charter.com.
Newmont (NEM 1.38%) is the world's largest gold producer and one of the best ways to invest in the idea that gold prices will rise. The key to the investment case is that investors are taking on commodity-specific risk by buying gold-related stocks, so it makes sense to buy a company with relatively low stock-specific risk.
The company's rock-solid balance sheet, disciplined capital allocation approach, strong reserves, and refocusing on its core gold and copper assets give investors that security.
Today's Change
(
-1.38
%) $
-1.33
Current Price
$
94.80
Newmont As many gold investors know, the price of gold has surged in recent years, trading at around $1,800 per ounce five years ago, then just shy of $4,000 per ounce right now, having reached more than $5,200 per ounce along the way.
Naturally, that increase has led to sharply higher revenue, profitability, and cash flow for gold miners, and the good news is that Newmont has used it to pay down debt and create a fortress balance sheet. The chart below shows the increase in earnings before interest, taxation, depreciation, and amortization (EBITDA) and the reduction in net debt. The negative number in 2025 reflects net cash of $2,058 million on the balance sheet.
Data source: S&P Global Market Intelligence. Chart by the author.
A disciplined capital allocation plan History suggests the price of gold will be volatile, and that matters even if you are a long-term bull. Consequently, it's important for miners to manage risk through the potential volatility in the precious commodity's price. Newmont is doing this via a capital allocation approach that prioritizes paying its $1.1 billion annual dividend and sustaining capital spending (targeted at $1.95 billion in 2026).
Only after this use of cash are resources allocated to development capital (management targets $1.4 billion in 2026) and share buybacks (Newmont has $6 billion in authorization). The idea is to provide high income security for investors through dividends while maintaining investment in its assets.
Moreover, on the operational side, Newmont's management divested six non-core assets in 2025 , with the aim of focusing its investments on its top-tier mines, notably in Australia (Cadia and Tanami) and Ghana (Ahafo North). It's a strategy aimed at concentrating production in its core mines, which will hopefully result in lower cash costs per ounce.
Image source: Getty Images.
A stock to buy? As recently argued, the long-term outlook for gold remains bullish, even as near-term pressures from a correction in investment demand have sent the price lower. Still, the underlying fundamentals and appeal of gold as a hedge against rising debt levels, geopolitical uncertainty, and the increasing willingness of central banks to prioritize buying gold over U.S. debt appear to be a structural multi-year shift.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
Telecom
Starlink’s Mobile Threat: Why Verizon, AT&T, and T-Mobile Are Tanking Today
In this article
The possibility that Elon Musk’s SpaceX could bring a mobile phone to market had investors of telecommunication stocks spooked on Monday.
Oracle (ORCL, Financials) is adding more AI tools to its cloud supply chain platform. The company launched four Fusion Agentic Applications for Oracle Fusion Cloud Supply Chain & Manufacturing. The new tools cover inventory planning, supplier qualification, production readiness and Kanban administration.
The idea is to handle routine supply chain work faster while sending exceptions to people when review is needed.
Oracle also added inventory optimization features, including network visualization and an advisor agent that recommends safety stock levels based on demand and lead-time changes.
The launch comes as supply chain teams deal with higher costs, disruptions and pressure to improve service levels.
For Oracle, the update keeps AI tied directly to business software customers already use. The next question is whether these tools can help drive more adoption of Oracle Cloud SCM.
ToplineLarry Ellison, who ranked the world’s second-richest person earlier this month, dropped to the No. 7 spot behind Mark Zuckerberg following another rise in Meta’s stock and a nearly monthlong downturn in Oracle shares that has cut more than $100 billion from Ellison’s net worth.
The Oracle chairman ranked the world’s second-richest person earlier this month.
Getty Images
Key FactsShares of Oracle rose slightly (0.3%) as of Monday afternoon, after a nearly 41% plunge for the stock since ORCL hit an intraday high of $250 on June 1, while Meta shares advanced 2.6%.
Oracle’s stock dropped nearly 20% last week, its worst performance since 2001, according to FactSet data.
A boost in Meta shares increased Zuckerberg’s net worth by $5 billion to $194.1 billion, ranking him ahead of Ellison ($192.4 billion) as the world’s sixth-richest person.
Ellison’s fortune eclipsed $300 billion on June 1 and briefly ranked him as the second-richest person, directly behind Elon Musk, whose fortune is valued at $976.7 billion as of Monday.
The Oracle chairman slid to No. 5 a week later, falling behind Amazon’s Jeff Bezos, whose net worth is now valued at $251 billion.
what to watch forMusk could soon reclaim his trillionaire status, which he lost after a slump in SpaceX’s stock price and new restrictions on his Tesla shares. He became the world’s first trillionaire following SpaceX’s record-setting initial public offering earlier this month, but shares in the rocket maker briefly dropped below their debut price last week and erased a 41% surge by market close on Friday. Musk’s net worth rose $25.6 billion on Monday as SpaceX shares increased 3.7% and Tesla surged nearly 8%.
key backgroundOracle shares rallied ahead of its earnings report on June 5, when analysts anticipated the company would report more than $660 billion in backlog orders. Ellison’s firm reported quarterly revenue of $19.2 billion and $2.11 earnings per share, beating out analyst expectations, as cloud infrastructure revenue skyrocketed 93%. Vital analyst Adam Crisafulli called Oracle’s sales guidance for fiscal year 2027 “a disappointment,” after the company reiterated earlier estimates of $90 billion in total revenue, noting a similar move from Broadcom “underwhelmed investors too.”
further readingForbesEllison’s Oracle Drops 4% After Guidance ‘Disappointment’—Despite Record SalesBy Antonio Pequeño IV
ForbesLarry Ellison Becomes Second Richest In The World—Surpasses Bezos, Brin And Page In 2 DaysBy Alicia Park
American Tower (AMT) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
Hyliion reported 100% revenue concentration in a single unidentified customer in its Q1 2026 filing -- even while management touted a $400 million pipeline based largely on non-binding arrangements.
, /PRNewswire/ -- Hyliion Holdings (NYSE: HYLN) lost 13-17% of its share price in a single trading session after a short-seller report challenged the credibility of a $133 million deal that represented roughly one-third of the company's disclosed pipeline. Shareholders who lost money on HYLN are encouraged to submit their information for a free evaluation. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
Hyliion's Q1 2026 10-Q, filed May 12, 2026, disclosed that a single unidentified customer accounted for 100% of quarterly revenue. The filing did not name the customer or address concentration risk. During the same period, management publicly described a pipeline of "nearly 500 units under non-binding letters of intent" across multiple customers on its Q4 2025 earnings call on February 25, 2026.
The company's 10-K for fiscal year 2025, filed February 25, 2026, contained no reference to the $133 million AI-data-center LOI with VFG Holdings. CEO Thomas Healy signed a Sarbanes-Oxley Section 302 certification on the same filing, attesting that it did not omit any material fact necessary to make the statements made not misleading.
Investors who purchased Hyliion shares and suffered a loss may click here to discuss their legal rights. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the HYLN Investigation
Q: Who is eligible to participate in the HYLN investigation?A: Investors who purchased HYLN stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Hyliion Holdings made materially false or misleading statements regarding its customer pipeline, revenue concentration, and the status of its $133 million VFG Holdings LOI. When a short-seller report challenged these representations, the stock price declined sharply.
Q: How much did HYLN stock drop?A: Shares fell approximately 13-17% in a single trading session after the short-seller report questioned the credibility of a deal representing roughly one-third of the company's disclosed $400 million pipeline.
Q: What do HYLN investors need to do right now?A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What happens after I contact Levi & Korsinsky?A: An attorney will review your trading history at no cost and provide an initial assessment of your potential recovery.
Q: What if I already sold my HYLN shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought HYLN and sold at a loss may still participate in the investigation.
Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
Q: What does it cost me to participate?A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-750
Fax: (212) 363-7171
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired First Solar, Inc. (“First Solar” or the “Company”) (NASDAQ: FSLR) securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”). First Solar investors have until August 24, 2026 to file a lead plaintiff motion.IF YOU SUFFERED.
[url="]Glancy Prongay Wolke and Rotter LLP[/url], a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been
New York, New York--(Newsfile Corp. - June 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026.
SO WHAT: If you purchased First Solar during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) defendants had overstated First Solar's capacity to manage the impact of U.S. tariff policy on First Solar's business; (2) defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar's projected performance in the 2026 fiscal year; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the First Solar class action, go to https://rosenlegal.com/cases/first-solar-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303335
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NextEra Energy (NYSE: NEE | NEE Price Prediction) and Enbridge (NYSE: ENB) both just reported, and the contrast matters. Big Tech wants uninterrupted power for AI training, and these two answer that demand from opposite ends of the energy system. NextEra builds the plants. Enbridge moves the fuel. The quarter shows why investors leaning on a pure renewables story may need to recalibrate.
Renewables Backlog Swells. Pipelines Stay Booked Solid. NextEra posted Q1 adjusted EPS of $1.09, up 10% YoY, on revenue of $6.701 billion. Energy Resources added 4 gigawatts to backlog, lifting the total to roughly 33 gigawatts including 1.3 gigawatts of battery storage. CEO John Ketchum said FPL is fielding “about 21 gigawatts of large load interest”, with around 12 gigawatts in advanced talks. The Department of Commerce tapped NextEra to build 9.5 gigawatts of new gas-fired generation in Texas and Pennsylvania.
Enbridge reported adjusted EPS of $0.98, down from $1.03, while distributable cash flow rose to $3.85 billion. Mainline volumes averaged 3.2 million barrels per day, with CEO Greg Ebel noting the system has been “apportioned all year.” Enbridge sanctioned the 300 MW Cone onshore wind project in Texas, extending its Meta partnership past 1 gigawatt of combined power generation.
Build the Power Plant vs. Move the Fuel Lens NextEra Enbridge Core bet Renewables, nuclear restart, new gas Gas pipelines, storage, select renewables AI hook Google nuclear PPA, 40 data center hubs 10 Bcf/d takeaway opportunity Dividend yield ~2.7% ~6.8% Forward P/E 22 27 The intermittency problem sits behind every NextEra bull case. AI training models and data center campuses require continuous, 100% stable, always-on baseline power, and wind and solar do not deliver that without cost-prohibitive utility-scale storage. Ketchum clearly knows it, which is why NextEra is restarting Duane Arnold’s 615 MW reactor under a 25-year Google PPA and accepting a federal mandate to build gas. Enbridge sidesteps that debate, earning take-or-pay fees on fuel that fires plants other companies build.
The AI Baseload Test Comes Next Watch whether NextEra converts that 21 GW of FPL large load interest into signed tariffs by year-end, and whether Duane Arnold stays on its Q4 2028 to Q1 2029 restart timeline. For Enbridge, the 50+ data center opportunities targeting new takeaway capacity are the swing factor. Ebel’s C$40 billion sanctioned backlog already supports the 31st consecutive annual dividend increase, so execution risk feels lower.
Why I Lean Toward Enbridge for AI-Era Income For a defensive way to play surging AI power demand, Enbridge looks more durable. The 6.8% yield is backed by contracted cash flows, leverage at 5.0x debt-to-EBITDA sits at the top of the target range but stays manageable, and the gas-as-baseload narrative strengthens as hyperscalers chase 24/7 reliability. NextEra remains the higher-growth story, with 8%+ EPS CAGR through 2032 and visible hyperscaler wins. Yet the premium valuation, the $24.6 billion 2025 capex pace, and the Q4 2025 EPS of $0.54 against a $0.92 consensus tell me the execution bar is high. For investors prioritizing capital preservation in an AI grid that punishes intermittency, ENB screens as the more defensive profile.
Funding will help advance Library's sustainability and conservation initiatives
, /PRNewswire/ - As America celebrates its 250th anniversary, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is announcing a $2.5M founding gift to the Theodore Roosevelt Presidential Library (TRPL) which opens July 4, 2026, in Medora, North Dakota.
Enbridge's funding supports the library's sustainability certification and conservation initiatives. Enbridge's investment will also help to restore 400,000 native plants to the surrounding prairie ecosystem, enhancing biodiversity and wildlife habitat.
"Theodore Roosevelt is often called the 'conservation president' so it's fitting that his Presidential Library is designed to exist within the rugged landscape of the North Dakota Badlands," said Greg Ebel, Enbridge President and CEO. "We're proud to support the library and its ambitions to serve as a national destination focused on leadership, conservation, resilience and civic engagement."
The gift reflects Enbridge's focus on sustainability. This year marked 25 years of sustainability reporting at Enbridge, reflecting an approach that has evolved alongside our business and has become embedded in how we plan, invest, operate and govern decision-making. That foundation supports how we deliver the energy people count on every day, while strengthening the resilience of our systems for the future.
Enbridge is a leading North American energy infrastructure company with operations across 43 U.S. states. Enbridge has proudly operated, safely and reliably, in North Dakota for more than 75 years.
About Enbridge
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
Duke Energy’s Oconee Nuclear Station in Seneca, South Carolina, U.S., October 12, 2025. REUTERS/Liz Hampton/File Photo Purchase Licensing Rights, opens new tab
CompaniesJune 29 (Reuters) - Duke Energy (DUK.N), opens new tab will end its offshore wind lease in the Carolina Long Bay area as part of a settlement agreement with the U.S. Department of the Interior, the department said on Monday, in the latest move by U.S. President Donald Trump to shift investments away from the renewable power source.
President Donald Trump's administration has reached deals with multiple power companies this year to terminate offshore wind leases in exchange for pledged investments in fossil fuel-fired electricity.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Under the latest agreement, Duke will reinvest nearly $129 million in additional electric power capacity in the Carolinas. Duke, in the same statement, said it is considering investments in nuclear power, which is virtually emissions-free, and power from natural gas, a fossil fuel, along with grid investments.
Reporting by Pooja Menon in Bengaluru and Laila Kearney in New York
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Key Takeaways Duke Energy plans to invest about $103B from 2026-2030 to expand and modernize regulated utilities.DUK reaffirmed 2026 EPS guidance and expects 5-7% adjusted EPS growth through 2030.Duke Energy sees rising demand from data centers, manufacturing and economic development projects. Duke Energy (DUK - Free Report) is entering one of the largest capital investment cycles in its history, positioning itself to benefit from rising electricity demand while maintaining relatively predictable cash flows.
Duke Energy plans to invest approximately $103 billion between 2026 and 2030 to modernize its regulated electric and gas utilities, expand generation capacity, strengthen grid reliability and meet accelerating electricity demand. Management reaffirmed its 2026 adjusted earnings per share (EPS) guidance of $6.55-$6.80 and a 5-7% adjusted EPS growth rate projection through 2030, with confidence to earn in the top half of the range beginning in 2028. The company reaffirmed its 2026 capital expenditure outlook of approximately $17.75 billion, with year-to-date spending totaling $4.19 billion as of March 31, 2026.
Duke Energy continues to see increasing demand from large commercial and industrial customers, particularly data centers, advanced manufacturing facilities and economic development projects across North Carolina, South Carolina, Florida, Indiana and other service territories. Management expects these trends to remain an important driver of load growth over the coming decade.
DUK is simultaneously executing a balanced energy transition strategy. Rather than relying on a single technology, the company is expanding renewable generation, investing in battery storage, upgrading natural gas assets and exploring advanced nuclear technologies.
Although regulatory approvals and interest rates remain important factors to monitor, Duke Energy's predominantly regulated business model provides unusually strong earnings visibility. As capital investments are placed into service and incorporated into the regulated asset base, they create opportunities for steady earnings growth while supporting the company's long-standing commitment to dividend increases.
Utilities With Multi-Billion-Dollar Capital Investment PlansAlong with Duke Energy, several other utilities are also pursuing similar long-term investment strategies, as discussed below:
NextEra Energy, Inc. (NEE - Free Report) aims to invest nearly $94.2 billion in the 2026-2030 period. Its unit, Florida Power & Light Company, plans to invest nearly $57.38 billion during 2026-2030 to develop new generation units, add new transmission and distribution units, and strengthen existing operations.
Dominion Energy, Inc. (D - Free Report) has a well-chalked-out long-term capital expenditure plan to strengthen and expand its infrastructure. The company plans to invest $11.4 billion in 2026 and nearly $65 billion during the 2026-2030 period to further strengthen its operations.
DUK’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 6.34% and 6.49%, respectively, year over year.
Image Source: Zacks Investment Research
DUK Stock Trading at a PremiumDUK is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 18.56X compared with the industry average of 16.29X.
Image Source: Zacks Investment Research
DUK Stock Price PerformanceIn the past six months, the company’s shares have risen 9.3% compared with the industry’s 10.7% growth.
Image Source: Zacks Investment Research
DUK’s Zacks RankThe company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Palantir Technologies (PLTR) rose 3.85% intraday after the data analytics company announced a strategic initiative with Nvidia (NVDA) to deploy Nemotron open mo
Palantir Technologies (PLTR) rose about 4% Monday after the software company unveiled a new artificial intelligence initiative with Nvidia (NVDA) aimed at helpi
