Track market-moving stories before they get noisy

U.S. stock futures pointed higher after Micron Technology's expectation-thumping earnings reignited optimism in the AI boom.

Micron reported adjusted earnings of $25.11 per share, beating the analyst consensus estimate of $20.78, on revenue of $41.46 billion. Adjusted gross margin was 84.9%.

For the fiscal fourth quarter, the company forecast adjusted earnings of about $31 per share on revenue of approximately $50 billion.

CEO Sanjay Mehrotra said Micron’s multi-year strategic customer agreements are expected to improve the durability and predictability of the company’s financial performance.

Strong Guidance Reinforces Pricing PowerFollowing the earnings release, Susquehanna analyst Mehdi Hosseini told CNBC that Micron’s earnings beat and outlook underscore the premium customers are paying for DRAM and NAND used in AI server infrastructure.

Hosseini noted that Micron’s fourth-quarter earnings guidance of about $31 per share was well above the consensus estimate of roughly $25, reflecting continued pricing strength driven by what he described as the “memory wall.”

He said customers “have no choice but to pay a premium” and expects that trend to persist despite concerns the cycle may be nearing its peak.

Hosseini also said the current memory cycle differs from previous ones because Micron continues to generate positive free cash flow despite elevated capital expenditures.

He identified the expected transition from AI training to inference workloads in 2028 and the potential easing of restrictions on Chinese memory producers Yangtze Memory Technologies Co. Ltd. and ChangXin Memory Technologies as longer-term risks.

Investors See Further UpsideRequisite Capital’s Bryn Talkington told CNBC that Micron’s improving fundamentals support additional upside following the earnings report.

She cited accelerating earnings growth, tight memory supply, sustained AI demand and increasing investor attention on capital spending and long-term customer agreements as key drivers.

Talkington also pointed to elevated options activity and higher call option premiums, saying they suggest investors are positioning for further gains rather than a period of consolidation.

Durability Of The Cycle Remains Key QuestionBefore the earnings release, Silvant Capital Chief Investment Officer Michael Sansoterra told CNBC that investors were focused on whether the current memory cycle represents a structural change or simply reflects short-term momentum.

Sansoterra said demand continues to outpace supply, supporting pricing, but the key question is how long that imbalance will persist as additional capacity comes online.

He added that Micron’s valuation will depend on its ability to maintain strong margins, particularly operating margins. While he expected a solid quarter and favorable guidance, he cautioned that lofty expectations following the stock’s strong rally could make it difficult to satisfy short-term investors.

Analysts Focus On Margins, AI DemandAhead of the results, Evercore ISI analyst Amit Daryanani told CNBC investors should closely watch Micron’s gross margins and updates on 2027 memory capacity allocations.

Daryanani said gross margins in the 40% to 80% range would indicate whether pricing remains healthy, while commentary on future capacity commitments could provide insight into the longevity of the AI-driven memory cycle.

According to Daryanani, investors are no longer debating whether the memory upcycle exists but rather how much of the long-term AI opportunity has already been priced into memory stocks.

He also said memory manufacturers must demonstrate they can sustain stronger earnings and build more durable business models beyond the current cycle.

MU Price Action: Micron Technology shares were up 17.50% at $1232.00 during premarket trading on Thursday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

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The S&P/ASX Small Ordinaries Index (ASX) was trading at 3,476.90, down 0.16% or 5.50 points yesterday, although the index remained 3.06% or 109.70 points higher over the past five days.

Several ASX-listed companies have released operational, commercial and investor updates this morning, spanning copper, graphite, carbon dioxide transport technology and base metals production.

Aruma to host Tillex copper-silver webinar Aruma Resources Ltd (ASX:AAJ) will host an investor webinar on Wednesday, July 1, 2026, at 11:00am AEST.

Managing director Grant Ferguson will provide an update on the company’s Tillex Copper-Silver Project in the Timmins mining district of Ontario, Canada, followed by a question-and-answer session.

Investors may submit questions ahead of the webinar by emailing [email protected].

International Graphite signs graphite supply and sales support agreement International Graphite Ltd (ASX:IG6, FRA:H99, OTC:IGRPF) has signed a commercial agreement with Hong Kong-based trading company Wogen Pacific Limited to supply graphite concentrate and provide product sales and marketing support for the Collie Micronising Facility in Western Australia.

Wogen Pacific is a subsidiary of Wogen Limited, a specialist metals and minerals trading group with more than 50 years of experience in global markets.

Under the Heads of Terms agreement, Wogen will buy, as principal, a minimum of 3,000 tonnes per year of micronised graphite from the Collie facility from the point of commercial production, for exclusive distribution to Asia-Pacific customers.

Wogen has also committed to sourcing up to 10,000 tonnes per year of flake graphite concentrate feedstock to support production growth over time.

Sales terms will be agreed on a spot basis, while International Graphite will also have access to Wogen’s supply chain finance solutions to support operations and capital efficiency.

The Heads of Terms is non-binding and is intended to be replaced with binding agreements as the facility moves closer to commercial production.

Provaris completes key FEED milestone for CO2 tank Provaris Energy Ltd (ASX:PV1, OTC:GBBLF, FRA:WS90) has completed a key front-end engineering and design milestone for its proprietary low-pressure YP-Provaris LCO2 tank.

The detailed engineering package has been submitted to DNV to support a General Approval for Ship Application approval process.

Provaris said completion of the FEED program and the associated approvals process would help de-risk its strategy to commercialise its cargo containment solution for the emerging maritime transport and storage of CO2 market.

The company noted that global carbon capture and storage investment is forecast by DNV to approach US$80 billion by 2030.

With a design capacity of 25,000 cubic metres, the YP-Provaris LCO2 tank is designed to address limitations associated with alternative Type C tanks.

The tank incorporates a detailed structural design based on a proprietary sandwich-type structure engineered in accordance with the IGC Code.

Alara marks 50th copper concentrate shipment from Oman Alara Resources Limited (ASX) has dispatched the 50th shipment of copper concentrate from the Al Wash-hi Majaza copper-gold mine in Oman.

The mine is operated by Alara’s joint venture company Al Hadeetha Resources LLC, in which Alara holds a 51% interest.

The 50th shipment, comprising 456 wet metric tonnes of copper concentrate, departed Sohar Port on June 21, 2026.

The parcel contained around 83 tonnes of copper and 64 ounces of gold.

Across all 50 shipments, the operation has now dispatched 62,684 wet metric tonnes of copper concentrate containing 10,988 tonnes of copper metal.

Alara said the milestone reflected consistent operational performance and the growing production track record of the Al Wash-hi Majaza mine.

During the first half of 2026, stock market investors had to navigate geopolitical tensions between the U.S. and Iran, soaring oil prices, and a subsequent spike in inflation. Despite some initial volatility, the S&P 500, the Nasdaq-100, and the Dow Jones Industrial Average have still returned between 7% and 20% since Jan. 1.

However, had you bought the iShares Expanded Tech Sector ETF (IGM 0.69%) at the start of this year instead, you would have earned a much higher return of 27%.

IGM data by YCharts

This exchange-traded fund (ETF) holds 296 stocks across 12 sectors of the technology industry. It has large positions in many of the trillion-dollar giants that typically drive the broader market higher, and in fact, the fund has almost one-third of its total assets parked in just four of those stocks. Read on.

Image source: Getty Images.

Diverse exposure to the technology industry Developing artificial intelligence (AI) software requires a substantial amount of computing power, so demand for data center chips and other hardware components is skyrocketing. Therefore, although the iShares Expanded Tech Sector ETF invests across a dozen different areas of the technology industry, it's no surprise the fund has allocated over 35% of its assets to semiconductor companies.

That said, the interactive media, systems software, and application software segments have a combined 31% weighting in this ETF, so, as far as tech-heavy portfolios go, this one is quite diversified.

That is also reflected in the fund's top 10 positions, which include a mix of companies that make semiconductors, consumer electronics, software, social media platforms, and more.

Stock

iShares ETF Portfolio Weighting

1. Nvidia (NVDA 0.93%)

8.32%

2. Broadcom (AVGO +0.27%)

8.21%

3. Alphabet (GOOG 0.36%)(GOOGL 0.33%)

8.19%

4. Apple (AAPL 0.43%)

8.09%

5. Microsoft (MSFT 2.37%)

7.55%

6. Micron Technology (MU 0.31%)

5.33%

7. Meta Platforms (META 0.79%)

4.23%

8. Advanced Micro Devices (AMD 0.29%)

3.79%

9. Intel Corporation (INTC 0.81%)

2.74%

10. Applied Material (AMAT +0.11%)

2.12%

Data source: iShares. Portfolio weightings are accurate as of June 18, 2026, and are subject to change.

But I want to key in on the top four positions specifically, not only because of their significant combined weighting of 32.8%, but also because of the unique roles they are playing in the AI revolution.

Nvidia supplies the world's best graphics processing units (GPUs) for data centers, which are the main chips used in AI training and inference workloads. It will start shipping its Vera Rubin systems in the second half of this year, which are slated to reduce inference token costs by up to 90% compared to the company's current Blackwell systems. In other words, Vera Rubin will make AI significantly cheaper to use, which could spur additional demand for chips.

Broadcom has become one of Nvidia's top competitors. It supplies AI accelerators, which are a customizable alternative to GPUs. Companies like Alphabet and Anthropic have ordered billions of dollars' worth of these chips, which are better suited to some of their specific AI workloads than out-of-the-box GPUs.

Alphabet rents computing capacity and ready-made large language models to other enterprises via its Google Cloud platform, a practice that has become very lucrative. However, Alphabet has also embedded AI features into Google Search, resulting in increased usage and accelerating revenue growth.

Finally, Apple continues to install custom processors and other hardware components into its latest iPhones, iPads, and Mac computers, so they can run its Apple Intelligence suite of AI features and software applications. With more than 2.5 billion active devices worldwide, this company could become the biggest distributor of AI to consumers.

NYSEMKT: IGMiShares Trust - iShares Expanded Tech Sector ETF

Today's Change

(

-0.69

%) $

-1.09

Current Price

$

157.20

The iShares ETF consistently beats the market The iShares Expanded Tech Sector ETF has delivered a compound annual return of 12.5% since its 2001 inception, so it has handily outperformed the S&P 500, which returned an average of 8.4% over the same period. Therefore, its strong result in 2026 certainty isn't a one-off.

Over the past 25 years, this ETF has successfully navigated many technological revolutions spurred by the internet, e-commerce, personal computers, smartphones, enterprise software, cloud computing, and more. As a result, while the ETF is drawing most of its upside from the AI boom today, history suggests it will still perform well once this theme slows. Other technologies, such as autonomous vehicles, robotics, or even quantum computing, could take over to become the dominant source of returns in the future.

As a result, this ETF could be a great addition to any diversified portfolio of other funds and individual stocks, especially one that doesn't already have a high degree of exposure to the technology industry.

Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 25:

Jones Lang LaSalle Incorporated (JLL - Free Report) : This company which provides real estate and investment management services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Jones Lang LaSalle has a price-to-earnings ratio (P/E) of 13.11, compared with 19.50 for the industry. The company possesses a Value Score  of A.

Archer-Daniels-Midland Company (ADM - Free Report) : This agricultural commodities and ingredients company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 5.1% over the last 60 days.

Archer-Daniels-Midland has a price-to-earnings ratio (P/E) of 16.72, compared with 22.64 for the S&P 500. The company possesses a Value Score of A.

Amerant Bancorp Inc. (AMTB - Free Report) : This bank holding company for Amerant Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.9% over the last 60 days.

Amerant has a price-to-earnings ratio (P/E) of 13.56, compared with 22.64 for the S&P 500. The company possesses a Value Score of B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Value score and how it is calculated here.

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Palo Alto CEO Nikesh Arora sees companies reducing G&A roles like HR and marketing as AI models and tools advance. Jeenah Moon/Reuters Palo Alto Networks CEO Nikesh Arora says enterprises don't have the workforces they need for the AI moment.

"The challenge right now is 90% of the enterprise employees are not AI savvy," Arora said during a recent episode of the "20VC" podcast.

Arora said the issue is there's no training course he can send his 21,000 employees at the cybersecurity firm to. It's on them to level up and help the company that has a total market cap over $235 billion.

"They have to be able to learn on their own," he said. "I think we're back to a Darwinian moment where everybody has to figure out who's really good."

Other companies, Arora said, are facing this reality and choosing to respond with mass layoffs. The former top executive at Google and SoftBank specifically referenced Coinbase CEO Brian Armstrong and Block CEO Jack Dorsey.

"You've seen people like Brian Armstrong and Jack Dorsey go out and say, 'I'm going to decimate my organization and I'm going to start building from scratch,'" Arora said. "And they've gone to some version of 30 to 40% less people because they've figured out there's no redemption. I can't train these people. I'm going to just find the people who are going to come in and help me do this stuff."

Dorsey announced in February that Block was laying off over 4,000 workers, nearly half of the company. The former Twitter CEO said the company was doing well but needed to be "honest" about how AI, what he called "intelligence tools" was changing the status quo.

In May, Coinbase announced it was laying off 14% of its workforce, affecting about 700 roles. Armstrong wrote in an email to employees, which he posted on X, that cuts were designed to make the crypto company "leaner, faster, and more efficient for our next phase of growth."

Arora said Palo Alto Networks has a different approach. Instead of large-scale layoffs, the cybersecurity firm is using natural attrition to gradually replace workers. He said the company also knows exactly where to find future technical workers.

"We've been hiring people only through hackathons," he said, referencing technical roles. "Give me 12 months, I'll have sort of transformed 20, 25% of my team," he added. "Give me three years, I'll have hopefully enough AI savvy people working at Palo Alto."

The company is continuing to grow. Palo Alto Networks has added 5,423 total employees to its headcount from the end of fiscal 2025 to the third quarter of 2026, according to its most recent 10-Q filing.

How Palo Alto Networks will changeThat doesn't mean every role at the company will grow in the same way.

Arora questioned why he needs "400, 600 people in marketing" when frontier models can already be trained on marketing strategies and a company's specific voice.

"My biggest problem in marketing is I have 600 people, but I'm not sure they all fully understand how to consistently deliver my tone of voice, my value proposition, and how not to break my brand by having different collaterals in public domain," he said.

Arora said his "rule of thumb" is that in the next three years companies will "probably have half of the people" in general and administrative roles like marketing, HR, and finance. In that time, Arora said AI applications will advance to the point of being able to replace a lot of the work those employees do.

One of those advancements will be when AI models/tools more freely express their opinions by providing feedback to human users.

"Your scholar, whether you want to call it an AI assistant, AI marketing assistant, AI HR assistant, is going to say, 'I looked at your copy, it sucks. It's not good enough It's not consistent with a tone of voice. Here's what I would recommend,'" he said. "This has an opinion. That will make my average employee much smarter than they were today. Then I don't need so many of them because they're doing most of the work for you."

At the same time, Arora said he wants many more technical and sales resources. Arora previously said he wants more cybersecurity engineers and researchers in the future. During the 20VC interview, he said he has employees who want AI resources to help implement plans to transform marketing and HR.

"I think there's this fallacy people believe we're going to have less people working because AI is going to take over our jobs," he said. "I don't believe that. I think what's going to happen is you can't imagine the number of people on my team who want more technical resources, more AI savvy resources because they want to do exactly these things."

Read next

Brent D. Griffiths You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Brent Griffiths is a senior reporter at Business Insider who covers AI and tech.Previously, he worked at the Washington Post as a researcher on Power Up and the Finance 202. He started his career at Politico where he worked on the web production team and covered breaking news. His passion for covering politics has only grown since he cut his teeth covering the presidential campaign as a student journalist. He's also contributed to the Almanac of American Politics.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Roblox Corporation ("Roblox" or "the Company") (NYSE: RBLX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between October 30, 2025 and April 30, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before August 7, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Roblox assured investors that it could minimize risks associated with age verification and accurately forecast its business performance. The Company claimed to be "enormously bullish" and able to rely on "tremendous organic growth." The Company relied on viral events to supply growth while misleading shareholders about how age verification would impact platform engagement and the public's view of its products. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Roblox, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

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, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Zoetis Inc. ("Zoetis" or "the Company") (NYSE: ZTS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of ZTS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: January 14, 2025 to May 6, 2026

DEADLINE: July 27, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Zoetis faced challenges in multiple product lines including Librela, Apoquel, and Cytopoint. Based on these facts, Zoetis' public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 25:

Cboe Global Markets, Inc. (CBOE - Free Report) : This derivatives and securities exchange network carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days.

Cboe has a PEG ratio of 1.15 compared with 1.60 for the industry. The company possesses a Growth Score of A.

Centene Corporation (CNC - Free Report) : This managed care company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.3% over the last 60 days.

Centene has a PEG ratio of 0.49 compared with 1.06 for the industry. The company possesses a Growth Score of A.

Credo Technology Group Holding Ltd (CRDO - Free Report) : This high-speed connectivity solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Credo Technology has a PEG ratio of 1.17 compared with 1.26 for the industry. The company possesses a Growth Score of B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Growth score and how it is calculated here.

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Commvault Systems, Inc. ("Commvault" or "the Company") (NASDAQ: CVLT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of CVLT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 29, 2025 to January 26, 2026

DEADLINE: July 17, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Commvault touted its ARR growth while disregarding important factors such as type of sale when developing its growth guidance. Based on these facts, Commvault's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

Without power and dependable access to electricity, there is no artificial intelligence (AI) revolution. A 2024 report by the International Energy Agency (IEA) indicates that data centers accounted for 1.5% of global electricity consumption that year.

Data points like those are among the reasons why some investors are turning to utility stocks as non-tech AI plays. It's a logical line of thinking but not risk-free.

Grid enhancements take time. Likewise, it can take five or more years for utilities to add new transmission lines for data centers. That doesn't jibe with hyperscalers' "let's get started now" views.

Data centers' massive power demand may spell opportunity with this stock. Image source: Getty Images.

Bloom Energy (BE +0.58%) solves that issue by bringing power straight to data centers' doorsteps. Bloom's status as the leader in on-site power delivery explains why the industrial stock quadrupled in just six months. Let's see if more is in store for this high-flying stock.

A bright outlook for Bloom It's worth taking with a grain of salt because Bloom itself published the report, but the company's research finds that 61% of data center developers will bring their own power if local grids aren't up to the task of meeting demand. For hyperscalers to BTOP (bring their own power), they need to engage companies with on-site delivery expertise, including Bloom.

Put simply, access to power is the biggest hurdle to data center growth. As noted, hyperscalers allocating billions of dollars to data center development don't have the luxury of time. They have to justify those big expenditures to analysts and investors, many of whom focus on near-term implications rather than long-term results. Translation: Bloom fills an important void.

Perhaps adding to the allure of Bloom's leadership in what's also known as behind-the-meter (BTM) power generation is the fact that this form of power delivery isn't a one-hit wonder. Some experts believe on-site power increases flexibility and is likely to play a vital role in future efforts to shore up energy grids.

Today's Change

(

0.58

%) $

1.88

Current Price

$

323.86

Said another way, Bloom is viewed primarily as an AI data center power stock today, but the leopard may change its spots in the future.

Is Bloom a buy? It depends. Amid a 1,327.4% gain over the past year, there are concerns that Bloom has run too far, too fast. A move like that may give some market participants pause. Throw in the facts that the shares trade at 30x sales and 230x forward earnings, and some investors may be apt to stay on the sidelines.

Consider these points. First, valuation alone isn't a reason to buy or sell a stock. Second, growth stocks like Bloom don't always offer investors pullbacks that appear deep enough to buy. It's either buy on a modest dip or when the stock is moving up.

Third, history confirms that all-time highs don't lead to substantial sell-offs. They often lead to more record highs.

Decision time Bloom stock isn't cheap, but the company is a leader in addressing a major AI constraint. Investors viewing the stock through a long-term lens may want to consider a small position or risk paying a higher price for that privilege in the near future.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Graphic Packaging Holding Company ("Graphic Packaging" or "the Company") (NYSE: GPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 4, 2025 and February 2, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before July 6, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Graphic Packaging suffered from inventory management problems, increased costs and reduced demand. The Company downplayed the severity of these issues despite the fact they would have a material impact on its financial performance. The Company overstated the strength of its business model. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Graphic Packaging, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

MSC Industrial Direct Co., Inc. (NYSE:MSM) will release earnings for its third quarter before the opening bell on Wednesday, July 1.

Analysts expect the Melville, New York-based company to report quarterly earnings of $1.26 per share, up from $1.08 per share in the year-ago period. The consensus estimate for MSC Industrial Direct’s quarterly revenue is $1.03 billion. It reported $971.14 million last year, according to Benzinga Pro.

On Tuesday, MSC Industrial declared a cash dividend of 87 cents per share.

Shares of MSC Industrial Direct rose 0.3% to close at $116.55 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

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ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (“H.B. Fuller” or “the Company”) (NYSE: FUL), the world's largest pureplay adhesives company, today announced it has made a recommended cash offer to acquire Advanced Medical Solutions Group plc (“AMS”) (LSE:AMS). “This transaction is a rare opportunity to advance the evolution of our portfolio.” said Celeste Mastin, President and CEO of H.B. Fuller. “We have long been clear that medical is a core strategic growth market for H.B. Fuller give.

Honeywell International (HON +2.22%) is spinning off Honeywell Aerospace on June 29 as the final phase of breaking up its conglomerate structure to accelerate growth. In May, I predicted that Honeywell's spin-off would trigger a shake-up of the Dow Jones Industrial Average (^DJI +0.35%) that would open the perfect window for Alphabet (GOOG 0.36%) (GOOGL 0.33%) to join the index.

The prediction came true on June 23, when S&P Dow Jones Indices announced that while the streamlined Honeywell Technologies would remain in the Dow, Alphabet would replace Verizon Communications (VZ 2.25%) before the start of trading on June 29.

Here's what the news means for the Dow and for Alphabet investors.

Image source: Alphabet.

Alphabet has been knocking on the Dow's door for years The Dow turned 130 years old earlier this year. Throughout its history, the index has been weighted by price, meaning the cost of a single share of a company's stock. This is in contrast with the Nasdaq Composite (^IXIC 0.43%) and the S&P 500 (^GSPC 0.10%), which are weighted by a company's market cap. 

There are plenty of S&P 500 companies that have been terrible investments for years, or even decades, that have remained in the index simply because they have stayed above the index's market-cap threshold. But the Dow, with just 30 components roughly representing stock market leadership, is much more selective. And if a former industry leader underperforms for too long, it stands a good chance of getting booted from the index.

This is exactly what happened to Verizon. To quote the June 23 press release by S&P Dow Jones indexes: "Verizon represents only one-half of one percentage point of the DJIA due to its lower share price. The Dow Jones Industrial Average is a price weighted index, and thus persistently lower-priced stocks have an immaterial impact on the index." In sum, Verizon had become so small -- its stock was trading around $45 as of June 24 -- that moves in its stock price had a negligible impact on the Dow, which isn't the index's purpose.

Alphabet used to have the opposite problem -- as of July 2022, its share price had soared over $2,200. But a 20-for-1 stock split that summer set the stage for the company to become a top prospect in the Dow pipeline. Alphabet is up big since its split, but it is still within the bounds of an acceptable addition. At the time of this writing, Alphabet's share price of $346.13 would make it the Dow's sixth-largest component, just behind Amgen and ahead of American Express, with a 4.1% weighting in the index.

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Alphabet checks all the boxes for a stock to buy now Although Alphabet is a tech-focused company, it is technically in the communications sector, which is why replacing fellow communications stock Verizon made perfect sense. However, the Dow has become significantly more tech-focused in recent years. Microsoft, Apple, International Business Machines, Nvidia, Salesforce, and Cisco Systems account for 15.3% of the Dow. Throw in Amazon (consumer discretionary sector) and Alphabet (assuming a 4.1% weighing), and that's 22.2% of the Dow.

Alphabet was long overdue for inclusion in the Dow. It is the third-most-valuable company in the world, behind Nvidia and Apple. It dominates internet services with Google Search. YouTube alone generated $9.9 billion in revenue in Alphabet's first quarter of 2026. For context, Netflix did $12.3 billion -- meaning YouTube could surpass Netflix in revenue in the coming years.

Google Cloud is the third-largest global cloud infrastructure provider, behind Amazon Web Services and Microsoft Azure. But Alphabet also has a leading large language model with Gemini. And Alphabet is ahead of Amazon and Microsoft in artificial intelligence chip production, rolling out its eight-generation Tensor Processing Unit chips (one for AI training and one for AI inference) earlier this year. Alphabet also owns Android, makes the Google Pixel and other devices, is a leader in quantum computing, and is involved in self-driving cars through Waymo.

In sum, Alphabet has a unique balance of diversification and high-margin growth, an exceptionally rare combination for a company of its size. Alphabet implemented its first-ever dividend in 2024. Every Dow stock except for Amazon and Boeing pays dividends. And to top it all off, Alphabet trades at 24.3 times earnings estimates for the next 12 months, which is a reasonable premium to the S&P 500's 20.8 forward price-to-earnings ratio considering Alphabet is a much higher-quality company than the typical S&P 500 component.

American Express is an advertising partner of Motley Fool Money. Daniel Foelber has positions in American Express, Netflix, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, American Express, Amgen, Apple, Boeing, Cisco Systems, Honeywell International, International Business Machines, Microsoft, Netflix, Nvidia, S&P Global, and Salesforce. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.

Anthropic said Alibaba carried out large-scale distillation attacks against its AI models. Bloomberg/Getty Images Anthropic accused one of China's biggest tech companies of exploiting its advanced AI models.

Anthropic's head of policy, Sarah Heck, said in a letter to South Carolina Sen. Tim Scott and Massachusetts Sen. Elizabeth Warren on June 10 that Alibaba had recently carried out "the largest known distillation attack" on it to date.

Heck wrote in the letter, obtained by Business Insider, that Alibaba-affiliated operators tried to "illicitly extract Claude's capabilities" to train Alibaba's own models, and called for legislation to prevent further attacks.

Between April 22 and June 5, the operators conducted "28.8 million exchanges with Claude through almost 25,000 fraudulent accounts," Heck wrote.

Distillation attacks refer to using advanced AI models to train and improve the capabilities of less advanced models. Alibaba, a Chinese e-commerce behemoth, develops AI models under its Alibaba Cloud umbrella, including its Qwen LLMs.

"These distillation attacks are carried out illicitly, systematically, and at industrial scale to harvest US AI capabilities across frontier labs and repackage them as their own without incurring the training and R&D costs required to train US frontier models," Heck wrote to the senators.

She added that the attacks could help Chinese models reach Claude Mythos Preview-level capabilities sooner. Mythos is one of Anthropic's most advanced LLMs, capable of detecting software vulnerabilities and outperforming humans on cybersecurity tasks.

She asked the senators for more legislation against distillation attacks, such as limiting China's access to advanced US computing infrastructure and penalizing Chinese entities that launch them.

Anthropic's letter to lawmakers comes several weeks after the US government slapped an export control on its latest Fable 5 model, barring foreign individuals from accessing it and citing national security risks.

This is the latest blow to Alibaba, which was also recently added to a Pentagon blacklist — a list of businesses the defense department linked to the Chinese military. On Tuesday, Alibaba sued the US government for this designation.

As of press time on Thursday, Alibaba's share price has dropped more than 4%.

Representatives for Alibaba did not respond to a request for comment from Business Insider.

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Austin, TX, USA, June 24, 2026 (GLOBE NEWSWIRE) -- Healthcare Foresights has published a new research report titled “Neonatal Intensive Care Respiratory Devices Market Size, Trends and Insights By Device Type (Nebulizers, Continuous Positive Airway Pressure (CPAP) Devices, Ventilators, Inhalers, Apnea Monitors, Others), By End User (Hospitals, Nursing Homes, Specialty Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2026 – 2035” in its research database.

According to the latest research study, the global Neonatal Intensive Care Respiratory Devices Market size and share was valued at approximately USD 2.1 billion in 2025, is expected to reach USD 2.3 billion in 2026, and is projected to reach around USD 5.7 billion by 2035, with a compound annual growth rate (CAGR) of about 10.5% during the forecast period from 2026 to 2035.

Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/request-sample?reportId=1057

Neonatal Intensive Care Respiratory Devices Market Revenue and Trends

The medical devices used in neonatal intensive care respiratory systems are designed to provide breathing assistance to newborns who need support due to immature lung development and existing respiratory disorders. The Neonatal Intensive Care Units (NICUs) make use of these devices to deliver oxygen while they maintain airway pressure and provide ventilation support and control through their ability to administer respiratory medications in a secure environment.

The typical equipment used in this field includes neonatal ventilators, continuous positive airway pressure (CPAP) systems, high-flow nasal cannulae (HFNC), nebulizers, and oxygen delivery systems. The vulnerable newborns who need advanced respiratory care should receive their primary goal of treatment, which aims to enhance oxygen levels while decreasing breathing difficulties and preventing lung damage and increasing their chances of surviving.

Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/request-customization?reportId=1057

What are the factors that significantly contribute to the growth of the neonatal intensive care respiratory devices market?

The neonatal intensive care respiratory devices market experiences growth because hospitals develop new neonatal intensive care units which they use to treat high-risk and premature infants. Hospitals are expanding their use of respiratory support technologies because they invest in new NICU beds and advanced neonatal care facilities and modern equipment. The market experiences expansion in emerging economies because these countries focus on providing essential neonatal care services while decreasing infant death rates which drives demand for neonatal respiratory devices.

Additionally, the market expansion results from increasing people's knowledge of neonatal respiratory disorders, which allows medical professionals and parents to recognize these disorders earlier. The combination of improved screening methods and enhanced delivery room and NICU monitoring systems and standardized neonatal care protocols enables medical staff to detect respiratory disorders at their initial stages which creates urgent requirements for respiratory assistance. The use of CPAP and ventilators and oxygen therapy systems becomes more effective when medical staff can diagnose patients earlier because such an approach leads to improved clinical results and increased use of neonatal intensive care respiratory devices.

(A free sample of the Neonatal Intensive Care Respiratory Devices report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

The updated report for 2026 includes an introduction, an overview, and an in-depth industry analysis.Provide detailed chapter-by-chapter guidance on the Request.Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2026Includes updated tables and figures.The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Healthcare Foresights (HEALTHCARE FORESIGHTS) Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Segment Insight

By Device Type

The ventilators segment is growing at a significant rate over the projected period. Their primary purpose is to provide treatment for breathing disorders that lead to respiratory failure in premature newborns who are in critical condition. Neonatal ventilators function as essential equipment for advanced NICUs because they deliver controlled mechanical breathing support to infants who cannot breathe independently. Rising preterm birth rates and lung immaturity in affected infants have created an increasing need for both invasive and non-invasive ventilatory support methods.

Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Key questions answered in this report:

What is the size of the Neonatal Intensive Care Respiratory Devices market, and what is its expected growth rate?What are the primary driving factors that push the Neonatal Intensive Care Respiratory Devices market forward?What are the Neonatal Intensive Care Respiratory Devices Industry's top companies?What are the different categories that the Neonatal Intensive Care Respiratory Devices Market caters to?What will be the fastest-growing segment or region?In the value chain, what role do key players play?What is the procedure for getting a free copy of the Neonatal Intensive Care Respiratory Devices market sample report and company profiles? Buy Now the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/checkout/1057

Key Offerings:

Market Share, Size & Forecast by Revenue | 2026−2035Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading TrendsMarket Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regionsCompetitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Neonatal Intensive Care Respiratory Devices Research Report | Fast Delivery Available - [220+ Pages] @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Regional Insights

North America held the highest market share in 2025. The region is experiencing increased adoption of devices due to government and private financial support for neonatal care, as well as widespread public awareness of neonatal respiratory disorders.

Besides, the Asia Pacific market has the highest growth rate in the neonatal intensive care respiratory devices market. The regional market shows both increased product adoption and revenue growth because clinicians and caregivers now better understand neonatal care best practices, which leads to higher usage of advanced neonatal respiratory technologies.

Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

We customize your report to align with your specific research requirements. Inquire with our sales team about customizing your report.)

Still Looking for More Information? Do you want data for inclusion in magazines, case studies, research papers, or media? 

Email Directly Here with Detailed Information: [email protected]

Browse the full “Neonatal Intensive Care Respiratory Devices Market Size, Trends and Insights By Device Type (Nebulizers, Continuous Positive Airway Pressure (CPAP) Devices, Ventilators, Inhalers, Apnea Monitors, Others), By End User (Hospitals, Nursing Homes, Specialty Clinics, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2026 – 2035” Report at https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Report Scope

Feature of the ReportDetailsMarket Size in 2026USD 2.3 billionProjected Market Size in 2035USD 5.7 billionMarket Size in 2025USD 2.1 billionCAGR Growth Rate10.5% CAGRBase Year2025Forecast Period2026-2035Key SegmentBy Device Type, End User and RegionReport CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent TrendsRegional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central AmericaBuying OptionsRequest tailored purchasing options to fulfil your requirements for research. Recent Developments

In January 2026, mOm Incubators has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its mOm Essential incubator, which functions as the first portable incubator that delivers thermoregulation for premature infants. The mOm Essential Incubator’s design allows use in a variety of settings and keeps mother and baby together. The company will work with healthcare providers to deploy the incubators across various labor and delivery environments throughout the United States, which will result in faster access to neonatal medical treatment. (Source: https://www.mpo-mag.com/breaking-news/fda-oks-mom-essential-incubator-for-premature-babies/) Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @  https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

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Comprehensive coverageMaximum number of market tables and figuresThe subscription-based option is offered.Best price guaranteeFree 35% or 60 hours of customization.Free post-sale service assistance.25% discount on your next purchase.Service guarantees are available.A personalized market brief by the author. Browse More Related Reports:

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Top Players in the Neonatal Intensive Care Respiratory Devices Market and Their Offerings

Inspiration Healthcare Group PLCGE HealthcareCardinal Health Inc.Drägerwerk AG & Co. KGaAFisher & Paykel Healthcare LimitedBDGetinge ABHamilton Medical AGAmbu A/SMasimo CorporationMedtronic plcPhilipsResMed Inc.Smiths Group plcVyaire Medical Inc.Others The Neonatal Intensive Care Respiratory Devices Market is segmented as follows:

By Device Type

NebulizersContinuous Positive Airway Pressure (CPAP) DevicesVentilatorsInhalersApnea MonitorsOthers By End User

HospitalsNursing HomesSpecialty ClinicsOthers Click Here to Get a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Regional Coverage:

North America

U.S.CanadaMexicoRest of North America  Europe

GermanyFranceU.K.RussiaItalySpainNetherlandsRest of Europe Asia Pacific

ChinaJapanIndiaNew ZealandAustraliaSouth KoreaTaiwanRest of Asia Pacific  The Middle East & Africa

Saudi ArabiaUAEEgyptKuwaitSouth AfricaRest of the Middle East & Africa Latin America

BrazilArgentinaRest of Latin America This Neonatal Intensive Care Respiratory Devices Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?Who Are the Global Key Players in This Neonatal Intensive Care Respiratory Devices Market? What are the company profiles, product information, and contact details for these key players?What Was the Global Market Status of the Neonatal Intensive Care Respiratory Devices Market? What Was the Capacity, Production Value, Cost, and PROFIT of the Neonatal Intensive Care Respiratory Devices Market?What Is the Current Market Status of the Neonatal Intensive Care Respiratory Devices Industry? What's the market's competition in this industry, both company-wise and country-wise? What is the market analysis of the Neonatal Intensive Care Respiratory Devices Market, considering applications and types?What Are Projections of the Global Neonatal Intensive Care Respiratory Devices Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be the Market Share, Supply, and Consumption? What about imports and exports?What is an analysis of the market chain for neonatal intensive care respiratory devices, including upstream raw materials and downstream industries?What is the economic impact on the Neonatal Intensive Care Respiratory Devices industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?What Are the Market Dynamics of the Neonatal Intensive Care Respiratory Devices Market? What Are Challenges and Opportunities?What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Neonatal Intensive Care Respiratory Devices Industry? Click Here to Access a Free Sample Report of the Global Neonatal Intensive Care Respiratory Devices Market @  https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

Reasons to Purchase Neonatal Intensive Care Respiratory Devices Market Report

The Neonatal Intensive Care Respiratory Devices Market Report provides both qualitative and quantitative analysis of the market, using segmentation that includes both economic and non-economic factors.Neonatal Intensive Care Respiratory Devices The Market report outlines market value (USD) data for each segment and sub-segment.This report indicates the region and segment expected to witness the fastest growth and dominate the market.Neonatal Intensive Care Respiratory Devices Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market in each region.The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.Extensive company profiles comprise a company overview, company insights, product benchmarking, and SWOT analysis for the major market players.Recent developments, including growth opportunities and drivers, as well as challenges and restraints in both emerging and developed regions, shape the industry's current and future market outlook.Neonatal Intensive Care Respiratory Devices Market: Includes in-depth market analysis from various perspectives through Porter's five forces analysis and offers an overview of the market through the value chain. Reasons for the Research Report

The study provides a thorough overview of the global Neonatal Intensive Care Respiratory Devices market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established leaders drive market growth. Buy this Premium Neonatal Intensive Care Respiratory Devices Research Report | Fast Delivery Available - [220+ Pages] @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Neonatal Intensive Care Respiratory Devices market analysis. The report covers the competitive environment of current and potential participants in the Neonatal Intensive Care Respiratory Devices market, along with their strategic product development ambitions. This study conducts a qualitative and quantitative analysis of the Neonatal Intensive Care Respiratory Devices market based on the component, application, and industry vertical. Additionally, the report provides comparable data for the key regions. The report provides actual market sizes and forecasts for each segment mentioned above. Who should buy this report?

Participants and stakeholders worldwide in the Neonatal Intensive Care Respiratory Devices market should find this report useful. The research will be useful to all market participants in the Neonatal Intensive Care Respiratory Devices industry. Managers in the Neonatal Intensive Care Respiratory Devices sector are interested in publishing up-to-date and projected data about the worldwide Neonatal Intensive Care Respiratory Devices market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Neonatal Intensive Care Respiratory Devices products' market trends. Analysts, researchers, educators, strategy managers, and government organizations seek market insights to develop plans.  Request a Customized Copy of the Neonatal Intensive Care Respiratory Devices Market Report @ https://www.healthcareforesights.com/reports/neonatal-intensive-care-respiratory-devices-market

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Healthcare Foresights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies, regularly working towards sustainable growth in their respective domains.

Healthcare Foresights is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of SBUX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Oracle, Defence Holdings, and Shield Reply collaborate to help emerging defense technology companies bring mission-ready AI, cyber, and operational capabilities to the US and allied nations

, /PRNewswire/ -- At Oracle Defence Tech Summit 2026, Oracle today announced the third cohort of the Oracle Defense Ecosystem, adding 10 defense technology companies delivering mission-critical AI, cyber, secure communications, operational intelligence, autonomous systems, and mission support capabilities for the US and allied nations.

The Oracle Defense Ecosystem connects Oracle's distributed cloud and AI infrastructure with a growing network of emerging defense technology companies, helping national security organizations accelerate innovation by moving from prototype to mission impact faster and more securely.

"Defense organizations cannot afford to wait years for promising technologies to move from prototype to mission use," said Rand Waldron, senior vice president, Oracle. "The Oracle Defense Ecosystem gives emerging defense and dual-use companies a faster path to build with Oracle, deploy on sovereign cloud and AI infrastructure, and reach customers operating in some of the world's most demanding environments. Our third cohort expands this focus on turning innovation into real-world mission impact."

Building on the early momentum of existing cohorts, ecosystem member Whitespace recently deployed Saga, its operational learning capability, on Oracle Roving Edge Devices to support classified workloads for the Royal Navy during Operation HIGHMAST. The deployment enabled commanders to capture and apply critical lessons learned while operating in disrupted, disconnected, intermittent, and limited-connectivity environments, bringing sovereign AI capabilities directly to the mission edge.

10 New Member Companies Joining the Oracle Defense Ecosystem
The third cohort features 10 companies building mission-ready technologies for defense and national security organizations, including:

Chariot Defense: Builds ruggedized power and energy systems for tactical edge missions, including drones, sensors, command systems, and remote operations. HPO Technologies: Develops secure, modular platforms designed to enhance the health, readiness and operational performance of military personnel. Legion Intelligence: Helps defense and national security teams use AI to complete real work across the systems they already use, with human oversight, audit trails, and secure deployment options across cloud, on-premises, edge, and classified networks. Marlin Intelligence: Develops biomimetic AI-powered underwater robotics technology for defense and surveillance applications. Quori: Offers an AI-powered operational intelligence system that helps defense organizations improve situational awareness and predict future risk. Resaro: Builds AI testing, evaluation, validation, and verification (TEVV) technology for defense, government, and critical infrastructure operators. Revobeam: Develops counter-UAS, anti-jamming, and edge analytics technology for military force protection and civil defense use cases. Tactiql: Builds sensor-to-shooter interoperability software that helps humans and machines ingest, normalize, translate, and share sensor data from crewed and uncrewed platforms at the tactical edge. Two Delta: Automatically builds specialized AI models tailored to your use case, delivering dramatically faster, more scalable, and higher-quality inference. Unplugged: Builds privacy-first mobile technology for secure personal, executive, and mission communications. Expanding member advantages 
Oracle has also expanded the benefits available to Oracle Defense Ecosystem members through the recently launched Defence Holdings accelerator initiative. Through this partnership, Oracle will help mission-focused technology companies explore deployment paths across Oracle's distributed cloud portfolio, including public cloud, sovereign cloud, government cloud, hybrid cloud, and edge environments.

The Defence Holdings accelerator program is designed to help early-stage companies accelerate customer engagement, strategic partnerships, and growth through an outcome-focused approach centered on operational and commercial success. Oracle Defense Ecosystem members will receive priority access to the accelerator application process, creating additional opportunities for companies developing technologies in areas such as agentic AI, cognitive warfare, critical national infrastructure protection, and autonomous systems.

Oracle is further expanding ecosystem member benefits through a dedicated enablement and innovation program with Shield Reply and Red Reply, which will help members build, modernize, secure, and operationalize solutions on Oracle Cloud Infrastructure (OCI) and Oracle Roving Edge Infrastructure. Red Reply offers ecosystem members access to a range of Reply's fast-start packages, cloud and edge readiness assessments, sandbox and proof-of-concept environments, architecture and migration services, DevSecOps enablement, and mission-focused implementation support - all at a preferred rate.

With deep defense domain expertise and a global network of cloud, Al, cyber, and engineering specialists, Shield Reply and Red Reply can help ecosystem members deploy secure cloud solutions in mission-sensitive environments, including disconnected edge and tactical environments. This support can help accelerate time-to-mission while reducing operational and delivery risk across global defense markets.

How to apply to the Oracle Defense Ecosystem
Prospective companies can learn more about the Oracle Defense Ecosystem and apply to join the program. 

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

SOURCE Oracle

Walmart and Amazon have been go-to shopping destinations for Americans for quite a while now, but in recent years, a new favorite has emerged in Costco (COST +0.36%). It has many of the same items you can find in those stores, but it sells them in bulk. It's a go-to for many families across the country.

Costco's stock has also been a go-to for many investors, up 145% over the past five years, compared to the S&P 500's (^GSPC 0.10%) 77% gain and the Nasdaq Composite's (^IXIC 0.43%) 85% (as of June 22).

If you're interested in Costco's stock, here are three reasons you should do so and one reason you should be hesitant right now.

Image source: The Motley Fool.

1. Costco has a reliable income source beyond retail Although Costco is a retail store, its business model revolves around its membership program and fees. As of its fiscal year 2026 third quarter (ended May 10), Costco had 148.5 million cardholders and 82.9 million paid memberships, up 4.1% from last year.

Consumers like Costco's value proposition, and it shows in membership numbers and retention. Although Costco's paid memberships increased by only 4.1%, its membership income grew by 10.7% due to fee increases. And even with the price hike, American and Canadian members renewed at 92.2% and 89.7%, respectively.

Having millions of people willing to consistently pay for a membership to shop at your store puts Costco in a unique position compared to other brick-and-mortar retailers like Walmart and Target.

2. A change in approach means more growth opportunities If you've ever been inside a Costco store, you know just how huge they tend to be. And even beyond the store itself, there's typically a large parking lot and a gas station. The amount of real estate that Costco stores command has limited where the company can open stores, especially in larger cities.

Costco is now embracing nontraditional store setups that could expand its total addressable market. This includes having multifloor stores integrated with high-rise buildings and other residential structures, giving it many more options for opening stores.

The chance for a large one-story store with a hundred parking spots is extremely slim in Manhattan, but a multifloor store inside an already established skyscraper is much more feasible. This new approach should help keep Costco's growth prospects strong.

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3. An underrated dividend that can pay off in the long run Costco probably isn't the first stock that comes to mind when you think of dividend stocks, which makes sense given its average 0.6% dividend yield over the past five years. That's low by almost all standards and less than you'd receive by investing in an S&P 500 ETF.

That said, the main appeal of Costco's dividend right now is its track record of annual increases. The company has increased its annual dividend for 22 consecutive years since it began paying one in 2004. In the past decade, its dividend has increased by 226%, including a 13% bump just this year.

Costco is also known for its one-off, specific dividends, with the last one being a $15 payout in January 2024. This is a nice reward that could meaningfully add to your total returns over time.

COST Dividend data by YCharts

The red flag with Costco's stock Costco is a great company and will be a retail giant for quite some time. However, when it comes to investing in the stock, there's one glaring red flag that you shouldn't completely skim over: its valuation.

At the time of this writing, Costco is trading at 46.1 times its projected earnings over the next 12 months. That's more expensive than even some of the fastest-growing tech stocks in the world, which are notorious for their high valuations.

COST PE Ratio (Forward) data by YCharts

The high valuation alone doesn't make Costco's stock a no-go. But investors should be aware that investing in stocks when they're expensive could limit their upside or increase the risk of a pullback (it's down 13% since its May 19 all-time high).

Costco is a stock I would own, but I'd approach it with dollar-cost averaging rather than investing a lump sum.

Stefon Walters has positions in Apple, Microsoft, and Walmart. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Nvidia, Target, and Walmart. The Motley Fool has a disclosure policy.

Micron (MU 1.32%) did it again.

The memory chip superstar blew past results in its third-quarter earnings report, sending the stock up 15% after hours on Wednesday as the company both smashed third-quarter expectations and gave much better guidance than expected.

The results showed that the AI boom isn't slowing down and that memory shortages are expected to persist at least through 2028. Management said it was in the early innings of significant innovation and productivity improvements, and that the memory industry has been structurally transformed by AI.

Let's take a look at a few of the big numbers from the earnings report that show how the memory shortage is driving blockbuster results for Micron.

Image source: Getty Images.

1. 346% Micron reported 346% revenue growth in the quarter to $41.5 billion, and its year-over-year revenue growth accelerated again.

Micron's guidance called for similar growth in the fourth quarter, with revenue expected to reach $50 billion. That growth is being driven by soaring prices in the memory market as unit sales in the key data center are only expected to grow by the high teens. Meanwhile, unit volumes are falling in the PC and smartphone market.

2. 84.6% Micron's gross margin came in at 84.6% in the quarter, ahead of its own guidance at 81%, and topping even Nvidia, which has hovered around 75%. At that level of gross margin, Micron is selling its chips for roughly six times their direct costs, making the company almost impossibly profitable.

Though management guided to a gross margin of 86%, it will be difficult for the company to improve on that number, and it's likely to plateau soon. That also means that its profit growth will start to slow as well.

3. 80.4% 80.4% was Micron's operating margin in the quarter, again showing the company delivering windfall profits. Almost no company in the world can generate an operating margin that wide.

In addition to the impact of high prices, the operating margin also shows that the company is being disciplined with its spending.

4. $28.2 billion Micron produced $28.2 billion in net income, making it one of the most profitable companies in the world based on the bottom line.

Better yet, the company expects to top $40 billion in the fourth quarter, giving the company run rate profit of $160 billion.

Micron just introduced strategic customer agreements (SCA), longer-term contracts that typically last five years, to alleviate some of the cyclical risk facing the company.

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What it means for investors Micron is too big to repeat the feat it's accomplished over the year, with the stock jumping nearly 1,000%, but it can still deliver meaningful gains if it continues to execute.

Wednesday's report was virtually flawless. It's not a surprise to see the stock up double digits again.

Tuesday’s Sellers Have a Problem Now Tuesday’s 13% decline and Wednesday’s follow-through looked like the start of a real reassessment of chip valuations. Then Micron reported after the close and the after-hours move erased the entire two-day selloff and put the stock above the June 22 high. Every fund that sold chips Tuesday is staring at a gap higher Thursday morning with a decision to make.

The question driving the selloff was whether AI spending was getting ahead of itself. Micron’s CEO Sanjay Mehrotra’s answer was sixteen customers putting down $22 billion in cash deposits and locking into five-year take-or-pay contracts with pricing floors. Data center, consumer electronics, automotive buyers, all fighting for the same allocation. The remaining obligations tied to those deals run to roughly $100 billion. That is not a forecast number. That is revenue on the books.

Qualcomm muddied it slightly. The company said this week its new AI chips are designed to run with less expensive memory, and if competing architectures reduce the premium on high-bandwidth memory over time, Micron’s margins face a question that is not going away. Mehrotra pointed back at the contracts. Buyers are locking in at current pricing because they do not believe alternatives show up at scale, and the way I see it, $22 billion in cash deposits is a stronger argument than a product announcement from a competitor.

The stock tripled in 2026 on the AI trade before this week’s selloff. Now it has $100 billion in contracted obligations underneath. Micron is the only U.S. company producing the high-bandwidth memory that runs alongside Nvidia’s processors in AI servers, and CEO Mehrotra said supply stays tight past 2027. New fabs take years to build. Every major AI buyer just committed in writing. The bears need to explain what changes that picture and they do not have an answer yet.

Daily Micron Technology (MU) Technical Analysis

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.

, /PRNewswire/ -- Prologis, Inc. ("Prologis") announces that on 16 June 2026 it sent a letter to the Board of SEGRO plc ("SEGRO") setting out the terms of an indicative all-share proposal, pursuant to which Prologis would acquire the entire issued and to be issued share capital of SEGRO (the "Combination").

On 23 June 2026, the Board of SEGRO unequivocally rejected the Combination proposal.

Under the terms of the Combination, SEGRO shareholders would receive for each SEGRO share:

0.084 new Prologis shares (the "Exchange Ratio")

Based on the Prologis share price of $145.3 and a GBP:USD exchange rate of 1.32 in each case at market close on 23 June 2026, being the last trading day prior to this announcement, the Combination implies a value of 925 pence for each SEGRO share and values SEGRO's entire issued and to be issued ordinary share capital at approximately £12.6 billion, representing:

a premium of 24.6 per cent to SEGRO's share price of 742 pence on 23 June 2026 (being the last trading day prior to this announcement); a premium of 26.7 per cent to the 1-month volume weighted average SEGRO share price of 730 pence as of 23 June 2026 (being the last trading day prior to this announcement); a premium of 31.4 per cent to the 3-month volume weighted average SEGRO share price of 704 pence as of 23 June 2026 (being the last trading day prior to this announcement); and a price equal to SEGRO's last reported EPRA NTA* per share of 925 pence as of 31 December 2025 Following completion of the Combination, SEGRO shareholders would hold approximately 10.5 per cent of Prologis' issued share capital.

Prologis believes that the Combination is a highly compelling opportunity for SEGRO shareholders. SEGRO shareholders would receive shares in the world's largest logistics REIT with a $140.9 billion market capitalisation, unlocking, on closing, significant upside to the current share price.

Furthermore, the Combination provides SEGRO shareholders with participation in a global platform with a track record of outperformance across key metrics and the successful integration of major corporate transactions with the delivery of synergies. Prologis believes these factors will provide SEGRO shareholders with accelerated growth compared to the growth available to them in a standalone SEGRO.

Prologis believes that its global platform, balance sheet strength and diversified capital base can unlock the significant embedded value of SEGRO's development and data center pipeline.

Prologis also believes the Combination would deliver significant benefits to its customers, employees and Prologis shareholders.

Clear Strategic Rationale and Value Creation

Prologis believes that the Combination has clear strategic rationale and provides SEGRO shareholders with a compelling value proposition:

Opportunity to Join Forces with the Global Leader in Logistics Real Estate  Combination with Prologis will provide SEGRO shareholders with diversification into global growth markets SEGRO and Prologis' European portfolios are highly complementary with an expected clear line of sight to scale benefits Resolves Structural Constraints Limiting SEGRO's Growth Potential SEGRO has traded at a persistent discount to its EPRA NTA per share with an average discount to EPRA NTA* of 19 per cent and 17 per cent over the last two years and three years, respectively Prologis has superior balance sheet strength with Net Debt / Enterprise Value of 22 per cent versus 37 per cent for SEGRO and Net Debt / Adjusted EBITDA of 4.8x versus 8.4x for SEGRO Prologis' access to public equity, debt and private capital will enable Prologis to unlock embedded opportunities for investment for which Prologis believes SEGRO is unable to unlock standalone due to structural constraints, including its balance sheet capacity and trading discount Accelerates Monetisation of SEGRO's Development, Power and Data Center Opportunities Prologis anticipates that its platform, balance sheet strength and significant access to capital can unlock the significant embedded value of SEGRO's development and data center pipeline in a way that SEGRO will not be able to do on a standalone basis Prologis has the scale, capital, and execution capabilities to fund and deliver SEGRO's pipeline Value Realisation at a Premium and Enhanced Growth for SEGRO Shareholders Significant share price premium while retaining an interest in a stronger combined entity Prologis has outperformed SEGRO on total shareholder return over both 3 and 5 years (37 per cent and 39 per cent, respectively) leading its peer group average and significantly exceeding SEGRO's total shareholder return (3 year: 19 per cent; 5 years: negative 20 per cent.) Prologis' Proven Stewardship of Shareholder Capital and Strong M&A Integration Track Record Prologis' history of achieving cost and revenue synergies underscores the strength of the platform and successful integration Consistent with this track record, shareholders of the enlarged group can anticipate significant synergies from the Combination Prologis urges SEGRO shareholders to encourage the SEGRO Board to engage with Prologis to allow a binding offer to be put to SEGRO shareholders for their consideration.

There can be no certainty that an offer for SEGRO will be made. A further announcement will be made as appropriate.

Important Code Notes

In accordance with Rule 2.6(a) of the Code, Prologis is required, by not later than 5:00 pm (London time) on 22 July 2026, to either announce a firm intention to make an offer for SEGRO in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for SEGRO, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

In accordance with Rule 2.5(a) of the Code, Prologis reserves the right to vary the form and/or mix of consideration as set out in this announcement and/or introduce other forms of consideration. Prologis reserves the right to make an offer for SEGRO at a lower value and/or on less favourable terms than those described in this announcement: (a) with the agreement or recommendation of the Board of SEGRO; (b) if a third party announces a possible or a firm intention to make an offer for SEGRO which, at that date, is of a value less than the value implied by the Combination; or (c) following the announcement by SEGRO of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If after the date of this announcement SEGRO declares, makes or pays any dividend or distribution or other return of capital to its shareholders, Prologis reserves the right to make an equivalent reduction to terms of the Combination or an equalisation dividend to a common date.

*EPRA NTA is not calculated from a valuation of SEGRO's assets under Rule 29 of the Takeover Code. It is sourced from SEGRO's 31 December 2025 audited financial statements. At the relevant point, a valuation of SEGRO's assets will be published by SEGRO in accordance with Rule 29 of the Takeover Code.

Linklaters LLP is retained as legal adviser to Prologis.

Further information

N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the PRA and the FCA) (together "J.P. Morgan"), and Eastdil Secured International Limited ("Eastdil Secured" or "ESI") which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom are acting exclusively for Prologis and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Prologis for providing the protections afforded to their clients or for providing advice in connection with the subject matter of this announcement. This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.

The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities law of any such jurisdiction.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Rule 2.4 information

In accordance with Rule 2.4(c)(iii) of the Code, Prologis confirms that it is not aware of any dealings in SEGRO shares that would require it to offer a minimum level, or a particular form, of consideration under Rule 6 or Rule 11 of the Code. However, it has not been practicable for Prologis to make enquiries of all persons acting in concert with it prior to the date of this announcement in order to confirm whether any details are required to be disclosed under Rule 2.4(c)(iii) of the Code. To the extent that any such details are identified following such enquiries, Prologis will make an announcement disclosing such details as soon as practicable, and in any event by no later than the time it is required to make its Opening Position Disclosure under Rule 8.1 of the Code.

Rule 2.9 information

In accordance with Rule 2.9 of the Code, Prologis confirms that, as of the date of this announcement, it has issued and outstanding 932,983,938 shares of common stock at par value of $0.01 per share. Prologis does not hold any of its common stock in treasury. The International Securities Identification Number (ISIN) of the shares of common stock is US74340W1036. The Legal Entity Identifier (LEI) for Prologis is 529900DFH19P073LZ636.

Publication on Website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on Prologis' website at https://ir.prologis.com/ promptly and in any event by no later than 12 noon (London time) on 25 June 2026. The content of this website is not incorporated into and does not form part of this announcement.

Forward-Looking Statements

The statements in this announcement that are not historical facts are forward-looking statements 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. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact Prologis' or SEGRO's financial results. Words such as "expects," "anticipates," "intends," "believes," "would", "could", "should" and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that Prologis expects or anticipates will occur in the future – including statements relating to any possible transaction between Prologis and SEGRO , rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where Prologis and SEGRO operate, expectations regarding new lines of business, Prologis' and SEGRO's debt, capital structure and financial position, Prologis' ability to earn revenues from co-investment ventures or form new co-investment ventures and the availability of capital in existing or new co-investment ventures – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although Prologis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Prologis can give no assurance that its expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) the ultimate outcome of any possible transaction between Prologis and SEGRO, including the possibility that SEGRO will reject any proposed transaction with Prologis; (ii) uncertainties as to whether SEGRO will cooperate with Prologis regarding any proposed transaction; (iii) the effect of the announcement of any proposed transaction on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favourable business relationships; (iv) the timing of any proposed transaction; (v) the ability to satisfy closing conditions to the completion of any proposed transaction (including shareholder approvals); (vi) other risks related to the completion of any proposed transaction and actions related thereto; (vii) international, national, regional and local economic and political climates and conditions; (viii) changes in global financial markets, interest rates and foreign currency exchange rates; (ix) increased or unanticipated competition for Prologis' or SEGRO's properties; (x) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (xi) maintenance of Real Estate Investment Trust ("REIT") status, tax structuring and changes in income tax laws and rates; (xii) availability of financing and capital, the levels of debt that Prologis and SEGRO maintain and their credit ratings; (xiii) risks related to Prologis' investments in and management of its co-investment ventures, including ability to establish new co-investment ventures; (xiv) risks of doing business internationally, including currency risks; (xv) environmental uncertainties, including risks of natural disasters; (xvi) risks related to global pandemics; and (xvii) those additional factors discussed under Part I, Item 1A. Risk Factors in Prologis' Annual Report on Form 10-K for the year ended December 31, 2025. Prologis undertakes no duty to update any forward-looking statements appearing in this announcement except as may be required by law.

Non-GAAP Measures

This announcement includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures for Prologis are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP measures, in Prologis' quarterly Earnings Release and Supplemental Information that is available on Prologis' investor relations website at www.ir.prologis.com and on the SEC's website at www.sec.gov.

Sources of information and bases of calculation

Share price and volume weighted average share price data is derived from FactSet GBP:USD exchange rate of 1.3196 is derived from Chatham Financial as of 23 June 2026 The value attributed to SEGRO's issued share capital (and therefore the value of the Combination) is based upon fully diluted share capital of 1,361,127,593 SEGRO ordinary shares of 10 pence each, comprising: 1,353,927,858 ordinary shares in issue as of 29 May 2026 as announced by SEGRO pursuant to the FCA's Disclosure Guidance and Transparency Rules (with no shares held in treasury); and 7,199,735 shares relating to SEGRO's share schemes, derived from SEGRO's public filings. This figure is net of shares held by the SEGRO Employee Benefit Trust Prologis' issued share capital is based upon fully diluted share capital of 970,140,938 shares at par value of $0.01 per share, comprising: 932,983,938 shares of common stock at par value of $0.01 per share; and 37,157,000 shares relating to Prologis' share schemes, derived from Prologis' public filings. Discount to EPRA NTA is calculated as the see-through value of the offer at the Exchange Ratio divided by the SEGRO last reported EPRA NTA at 31 December 2025 of 925 pence per share Prologis' market capitalisation is calculated based on the share price at market close on 23 June 2026 of $145.3 multiplied by Prologis' fully diluted share count of 970,140,938 shares SEGRO's shareholding in the enlarged group is calculated as (i) newly issued Prologis shares of 114,334,718 (calculated as 1,361,127,593 SEGRO shares multiplied by the Exchange Ratio); divided by (ii) the enlarged group issued share capital of 1,084,475,656 (equal to the existing Prologis fully diluted issued share capital of 970,140,938 plus the newly issued shares of 114,334,718) Enterprise value used for Net Debt / Enterprise Value sourced from FactSet at market close on 23 June 2026 Total shareholder return equals the change in share price plus dividends received over the relevant time period. This data is as of 23 June 2026. Information sourced from FactSet SEGRO EPRA NTA sourced from SEGRO's 2025 Annual Report and Accounts, with prior years' EPRA NTA sourced from its 2024 and 2023 Annual Report and Accounts and its 2024 and 2023 interim results SEGRO Net Debt and Net Debt / Adjusted EBITDA sourced from 2025 annual results announcement released on 20 February 2026 Prologis financial information extracted from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 Prologis Net Debt and Net Debt / Adjusted EBITDA sourced from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 SOURCE Prologis, Inc.

Generates $46.4 Million Realized Gain from Exit of Equity Investment in Centre Technologies Holdings, LLC

, /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently exited its debt investments and equity investment in Centre Technologies Holdings, LLC ("Centre" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 2006 and headquartered in Houston, Texas, Centre is a provider of information technology (IT) services, including managed services, cloud solutions, cyber security, IT consulting and business intelligence (BI) services to lower and middle market businesses, often serving as a fully outsourced IT department.  

Main Street partnered with Centre's existing owners and senior management team in January 2019 to facilitate a minority recapitalization of the Company and provide growth capital to help facilitate the Company's acquisition growth strategy. Main Street's initial investment consisted of a $2.4 million revolving line of credit, a $12.2 million first lien, senior secured term loan and a $5.8 million direct equity investment. After Main Street's initial investment, Centre completed seven follow-on acquisitions with Main Street funding an additional cumulative $27.7 million under the first lien, senior secured term loan facility and $0.5 million in direct equity investments to support the Company's acquisition strategy and other corporate activities, resulting in Main Street's total debt investments and total equity investments growing to $42.3 million and $6.4 million, respectively.

Main Street realized a gain of $46.4 million on the exit of its equity investment in Centre, including a minority equity ownership position in Centre's acquirer that Main Street received as part of the sale proceeds, with this realized value representing an increase of $6.8 million above Main Street's fair market value for this equity investment as of March 31, 2026. Main Street also received total dividends of $2.2 million over the life of its equity investment in the Company. As a result, on a cumulative basis since Main Street's initial investment in January 2019 and taking the realized gain, dividends and fees into consideration, Main Street realized an annual internal rate of return ("IRR") of 40.1% and an 8.8 times money invested ("TMI") return on its equity investment in Centre. On a cumulative basis including both Main Street's debt and equity investments in the Company, Main Street realized an IRR of 23.2% and a 2.4 TMI return.

ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]                 
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard | [email protected]  
Zach Vaughan | [email protected]  
713-529-6600

SOURCE Main Street Capital Corporation