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The fresh $8 million raise for predictive behavioral AI network THEA puts Solana at the center of a quiet but consequential race. Instead of forcing inference computation on-chain—an expensive and slow proposition—the project is building a coordination layer that settles accounts and routes requests while the heavy math stays off-chain. The approach addresses a friction that has kept machine learning outputs from being reliably used in DeFi and on-chain automation. The funding round, led by Maven11 Capital, Spartan Group, ManifoldTrading, HackVC and Fisher8 Capital, arrived as institutional interest in crypto-AI convergence keeps climbing.

Solana has consistently ranked among the top chains by developer activity, as seen in recent weekly developer rankings, and the network’s low-latency architecture makes it an attractive settlement layer for AI coordination. THEA plans to use Solana to manage inference requests, accounting, and settlement, treating the blockchain as a verifiable ledger rather than a compute engine. It is a division of labor that mirrors how certain high-frequency trading systems operate: speed-sensitive logic stays close to the hardware, while finality and dispute resolution happen on-chain.

The Case for Keeping Computation Off-Chain On-chain inference remains a bottleneck. Running neural networks directly on Ethereum or Solana is not only cost-prohibitive but also introduces latency that breaks real-time use cases. THEA’s design acknowledges that machine learning models will run where they perform best—on GPUs, TPUs, or future specialized hardware—while Solana provides an immutable record of who requested what, which model was used, and who should be paid. This separation could unlock a market where AI services are paid for on a per-inference basis, with settlement flowing through SOL or SPL tokens.

The structure also lowers the trust barrier. Rather than requiring every user to audit a model’s output, the network coordinates what answers were delivered and provides a settlement trail. The round included trading firm ManifoldTrading, which suggests institutional interest not just in the technology but in how AI outputs could be plugged into execution environments. A transparent ledger of AI interactions is something that quant funds and automated strategy builders might find particularly useful.

What Solana’s Ecosystem Gains From an AI Settlement Layer THEA’s launch could give Solana-based DeFi protocols a native way to integrate predictive models without building their own infrastructure. If a lending protocol wants to use AI to score borrower risk or a DEX wants to reroute orders based on model-driven slippage forecasts, the coordination layer would handle the invoicing and settlement. These kinds of partnerships mirror other AI-driven Web3 integrations, such as UXLINK and Origins Network, where off-chain compute is paired with on-chain coordination. Teams building on Solana get a middleware that reduces the time from model output to on-chain action.

The timing matters. A string of recent infrastructure deals has pushed the total value of tokenized real-world assets past $20 billion, and on-chain settlement for non-speculative data—such as AI predictions—could be next. If THEA’s model gains traction, Solana might see a new category of transaction volume that does not originate from token swaps or NFT mints but from machine-to-machine invoicing. That would add a different kind of fee base and broaden the network’s utility beyond its current DeFi and memecoin identity.

Open Questions and What to Watch Despite the raise, several things are not yet settled. THEA’s tokenomics have not been disclosed, and it is unclear whether the network will introduce a native token, use SOL as the primary gas and settlement unit, or structure fees in stablecoins. The decision will shape how value accrues and whether the protocol is perceived as a Solana-native asset or an external service that uses Solana as a utility.

Adoption also hinges on how many AI model providers plug into the network. THEA’s coordination layer only works if there is enough supply of predictive behavioral models willing to accept payment through on-chain rails. For now, the networks that dominate AI inference—mostly centralized providers—have shown little interest in crypto settlement. If THEA cannot bridge that gap, the network may struggle to attract volume from serious machine learning teams.

Another variable is Solana’s reliability. While the chain’s uptime has improved, a coordination layer that handles real-time inference requests demands near-perfect block production and minimal state bloat. Even short delays in settlement could create discrepancies between off-chain model results and their on-chain record, opening arbitrage or dispute scenarios. Traders watching THEA should track the ratio of inference requests settled versus failed, if that data becomes public.

Still, the raise signals that venture capital sees value in the plumbing between AI and blockchains, not just in yet another layer-one token or decentralized compute marketplace. If THEA executes, Solana could become the de facto settlement environment for an emerging class of machine intelligence services. The next test is a mainnet launch that shows real usage, not just a well-funded idea.

AUTHOR

Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA), today announced that it has entered into a non-binding Heads of Agreement (the "HOA") with the Government of Canada, the Province of Alberta, Trans Mountain Corporation, and Alberta Petroleum and Marketing Commission, to participate in a proposed nation-building energy infrastructure initiative intended to strengthen Canada's energy transportation network and expand market access for Canadian crude oil. Pembina will contribute its development and execution expertise to a multi-stakeholder initiative connecting Canadian energy to global markets. Pembina's participation remains subject to satisfaction of certain conditions.

A first-of-its-kind initiative in Canada

The HOA contemplates the development of a new approximately one million barrel per day crude oil pipeline system connecting Alberta to Canada's West Coast, and a related export terminal (the "Project"). The proposed pipeline will leverage the existing Trans Mountain pipeline right of way, also known as the southern route. The Project is being advanced as a national priority that brings together the Government of Canada, the Province of Alberta, Indigenous partners, and industry. Under the framework in the HOA, the Project would be held through a development company jointly owned by the Government of Canada, the Province of Alberta, and Pembina, with a working interest to be reserved for Indigenous partners to acquire at commercial operations. Pembina's economic interest through construction will be 10 percent with the opportunity for up to an additional 10 percent once the Project enters commercial operation. Trans Mountain Corporation will serve as the lead Project proponent, responsible for construction of the Project, the regulatory process, stakeholder and Indigenous engagement, and subsequent operation of the asset.

A defined, expertise-led role

Pembina would participate as an experienced industry operator able to provide an independent perspective on cost, schedule, and execution — complementing, rather than replacing, the lead Project proponent. In this capacity, Pembina would bring more than 70 years of safe, disciplined and cost-effective project development and execution working alongside the experienced team at Trans Mountain Corporation. As part of this, Pembina, through the HOA, is in early stages of reviewing the development plans and initial capital cost estimates for the Project; this due diligence work stream will continue until signing of definitive agreements, which is targeted for September 2026.

A measured, disciplined and risk-managed approach

Consistent with its long-standing approach to capital allocation, Pembina will evaluate participation in the Project through a disciplined and rigorous investment framework. The proposed multi-stakeholder structure is intended to appropriately align risk and responsibility among participants and includes protection for Pembina related to matters such as cost overruns and returns. Pembina has full discretion over any final investment decision ("FID") for its interest and shall have no at-risk development capital prior to FID. Pembina will assess the opportunity against defined Project milestones throughout the development period and will evaluate its participation in the context of its longstanding prudent capital allocation guardrails and its broader development portfolio. The Company intends to provide updates at appropriate milestones as the evaluation of the Project progresses.

"The Project represents a once-in-a-generation opportunity to advance nation-building energy infrastructure that strengthens Canada's economy and expands access to global markets for Canadian energy," said Scott Burrows, President and Chief Executive Officer of Pembina. "We are proud to bring our development and execution expertise to a project of this national significance. Our participation will be evaluated through the same disciplined lens we apply to every capital decision. We have approached our involvement in a way that is measured, that preserves our financial flexibility, and that incorporates meaningful protections — so that any participation remains consistent with our financial guardrails and creates durable value for our shareholders."

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit www.pembina.com.

Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive.

Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.

Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

Forward-Looking Information and Statements

This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "project", "plan", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance.

In particular, this news release contains forward-looking statements relating to: the development, scope, capacity, location and development path, regulatory approval process, timing and benefits of the Project; the terms and conditions of the definitive agreements with respect to the Project and timing for completion of such agreements; Pembina's review of the development plans and initial capital cost estimates for the Project, including the timing thereof; Pembina's potential participation in the Project and the contemplated structure, ownership and governance of the Project; the anticipated role of Pembina, the Government of Canada, the Province of Alberta, Indigenous partners and Trans Mountain Corporation; the nature, timing and extent of Pembina's potential capital commitments, including its assessment against its investment framework, and the economic protections contemplated; the anticipated designation of the Project as being in the national interest; the expected approach to Indigenous consultation and ownership; and the timing of a potential FID in respect of the Project.

These forward-looking statements are based on certain factors and assumptions that Pembina has made in respect thereof as at the date of this news release, including, among other things: the completion of satisfactory due diligence and with respect to the Project; prevailing commodity prices, cost estimates, financing conditions and market conditions; the continued participation and alignment of the other stakeholders in the Project; oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices (including long-term average historical pricing and frac spreads), interest rates, carbon prices, tax rates, exchange rates and inflation rates; the ability of Pembina to maintain current credit ratings; the availability and cost of capital to fund future capital requirements relating to existing assets, projects, including the Project, and the repayment or refinancing of existing debt as it becomes due; future operating costs; geotechnical and integrity costs; that any required definitive agreements with respect to the Project, including commercial agreements, can be reached in the manner and timing and on the terms expected by Pembina; that all required corporate, regulatory, governmental and environmental approvals can be obtained on acceptable terms and in a timely manner; that counterparties will comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts or the completion of the relevant projects, including the Project; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; the amount of future liabilities relating to lawsuits and environmental incidents; and the availability of coverage under Pembina's insurance policies (including in respect of Pembina's business interruption insurance policy).

Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: that the stakeholders will be unable to reach an agreement on the definitive agreements with respect to the Project in the manner and timing and on the terms expected by Pembina or otherwise; that FID in respect of the Project may not occur on the timing expected by Pembina or otherwise; the regulatory environment and decisions, including the outcome of regulatory hearings, and Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; reliance on key relationships, joint venture partners and agreements; labour and material shortages; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by contractual counterparties; actions by governmental or regulatory authorities, including changes in laws and treatment, changes in royalty rates, regulatory decisions, changes in regulatory processes or increased environmental regulation; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions, including potential recessions in Canada, North America and worldwide resulting in changes, or prolonged weaknesses, as applicable, in interest rates, foreign currency exchange rates, inflation, commodity prices, supply/demand trends and overall industry activity levels; new Canadian and/or U.S. trade policies or barriers, including the imposition of new tariffs, duties or other trade restrictions; geopolitical risks; constraints on the, or the unavailability of, adequate supplies, infrastructure or labour; the political environment in North America and elsewhere, including changes in trade relations between Canada and the U.S., and public opinion thereon; the ability to access various sources of debt and equity capital; adverse changes in credit ratings; counterparty credit risk; technology and cyber security risks; natural catastrophes; and certain other risks detailed in Pembina's Annual Information Form and Management's Discussion and Analysis, each dated February 26, 2026 for the year ended December 31, 2025 and from time to time in Pembina's public disclosure documents available at www.sedarplus.ca, www.sec.gov and through Pembina's website at www.pembina.com.

This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected by forward-looking statements contained herein. The forward-looking statements contained in this news release speak only as of the date of this news release. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking information and financial outlooks contained in this news release have been approved by management as of the date of this news release. The purpose of these financial outlooks is to assist readers in understanding Pembina's expected and targeted financial results, and this information may not be appropriate for other purposes. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

BOCA RATON, Fla., July 02, 2026 (GLOBE NEWSWIRE) -- Saxena White P.A. has filed a securities class action lawsuit (the “Class Action”) in the United States District Court for the District of New Jersey against Commvault Systems, Inc. (“Commvault” or the “Company”) (Nasdaq: CVLT), and certain Commvault executive officers (“Defendants”). The Class Action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and U.S. Securities and Exchange Commission (“SEC”) Rule 10b-5 promulgated thereunder on behalf of all persons and entities that purchased or otherwise acquired Commvault securities between January 28, 2025 and January 26, 2026, inclusive (the “Class Period”), and were damaged thereby. The Class Action filed by Saxena White is captioned City of Fort Lauderdale Police and Firefighters’ Retirement System v. Commvault Systems, Inc., et al., No. 3:26-cv-08144 (D.N.J.).

The Class Action complaint expands the allegations and class period asserted in a related action against Commvault and certain of its executive officers captioned Imbert v. Commvault Systems, Inc., et al., No. 3:26-cv-05654 (D.N.J. filed May 18, 2026) (the “Imbert Action”). Specifically, the Class Action expands the class period pled from April 29, 2025 through January 26, 2026 in the Imbert Action, to January 28, 2025 through January 26, 2026 in the Class Action, on behalf of all persons and entities that purchased or otherwise acquired Commvault securities.

Pursuant to the notice published on May 18, 2026 in connection with the filing of the Imbert Action, and as required by the Private Securities Litigation Reform Act of 1995 (PSLRA), investors wishing to serve as lead plaintiff are required to file a motion for appointment as lead plaintiff by no later than July 17, 2026. Saxena White’s filing of the Class Action does not alter the lead plaintiff deadline.

Commvault provides on-premise software licenses and cloud-delivered Software as a Service (“SaaS”) products for protecting and restoring customer data and cloud applications. Commvault’s key performance metrics are Annualized Recurring Revenue (“ARR”) and Net New ARR (“NNARR”), which measures the net increase in ARR during a given period. Leading up to the Class Period, Commvault repeatedly claimed that it was strategically positioned to outpace its competitors in growth and would continue to gain market share.

The Class Action alleges that Defendants misled investors regarding the Company’s prospects, financial condition, and competitive position. Specifically, Defendants failed to disclose that: (1) Commvault’s competitive positioning was materially weaker than Defendants had represented to investors; (2) due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses; (3) as these concessions became unsustainable, SaaS became a larger portion of the Company’s sales mix; and (4) in turn, the increasing mix of SaaS sales, which carry shorter term durations and lower average selling prices (“ASP”), negatively impacted the Company’s margin and NNARR.

The truth emerged before markets opened on January 27, 2026, when Commvault announced its financial results for the third-quarter of fiscal year 2026. Commvault disclosed NNARR in constant currency of $39 million, missing analysts’ expectations of approximately $45 million. The Company further revealed that the mix of SaaS deals increased to “70%” during the quarter and highlighted that “landing these customers at a 2 to 3x smaller ASP than software . . . does have a significant impact on ARR.” On this news, the price of Commvault common stock fell $40.23 per share, or about 31%, to close at a price of $89.13 per share on January 27, 2026.

If you purchased Commvault securities during the Class Period and were damaged thereby, you are a member of the “Class” and may be able to seek appointment as lead plaintiff. If you wish to apply to be lead plaintiff, a motion on your behalf must be filed with the U.S. District Court for the District of New Jersey no later than July 17, 2026. The lead plaintiff is a court-appointed representative for absent members of the Class. You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member.

You may contact Marco A. Dueñas ([email protected]), a Senior Attorney at Saxena White P.A., to discuss your rights regarding the appointment of lead plaintiff or your interest in the Class Action. You also may retain counsel of your choice to represent you in the Class Action. You may obtain a copy of the Complaint and inquire about actively joining the Class Action at www.saxenawhite.com.

Saxena White P.A., with offices in Florida, New York, California, and Delaware, is a leading national law firm focused on prosecuting securities class actions and other complex litigation on behalf of injured investors. Currently serving as lead counsel in numerous securities class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors.

CONTACT INFORMATION
Marco A. Dueñas, Esq.
[email protected]
Saxena White P.A.
10 Bank Street, Suite 882
White Plains, New York 10606
Tel.: (914) 200-3263
www.saxenawhite.com

Rocket Pool just made it a lot cheaper to run an Ethereum validator. The protocol’s Saturn 1 upgrade, which launched on Ethereum mainnet on February 18, 2026, cuts the minimum validator bond from 8 ETH to 4 ETH, effectively halving the barrier to entry for node operators who want to participate in decentralized staking.

What Saturn 1 actually changes Under the new structure, 8 ETH of bonded capital can now support up to 56 ETH in liquid deposits. Every dollar a node operator puts up can attract roughly seven dollars from passive stakers.

The upgrade also introduces megapools, a feature that lets operators manage multiple validators under a single smart contract. Instead of deploying separate contracts for each validator (and paying gas fees every time), operators can consolidate.

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Then there’s the RPL fee switch. Saturn 1 activates a protocol-wide mechanism that routes roughly 9% of protocol revenue to staked RPL holders, paid out in ETH rather than through token inflation. Instead of printing more RPL tokens as rewards, the protocol now shares actual revenue.

How Rocket Pool got here The Atlas upgrade in 2023 was the one that first brought the bond requirement down to 8 ETH, creating what the protocol called “minipools.” Houston followed, focusing on governance improvements and operational refinements, laying the groundwork for the revenue-sharing mechanisms that Saturn 1 now implements.

The Saturn series was always envisioned as a multi-phase rollout. Saturn 1 handles the bond reduction, megapools, and fee switch. Rocket Pool occupies an unusual position in the liquid staking landscape: while Lido dominates market share with a more centralized operator model, Rocket Pool has leaned into permissionless node operation as its differentiator, where anyone can run a node with no application required.

What this means for investors and stakers By doubling validator capacity per bonded ETH, Rocket Pool is making a direct play for more total value locked. For rETH holders, that translates to better liquidity and tighter spreads when entering or exiting positions.

The shift from inflationary rewards to ETH-denominated revenue sharing fundamentally changes the value proposition of holding and staking RPL. Under the old model, staked RPL holders received more RPL. Under Saturn 1, they receive ETH. Pre-launch enthusiasm already drove upward price momentum for RPL.

There’s also the question of whether 4 ETH bonds attract operators who are genuinely committed to running reliable infrastructure, or whether the lower barrier brings in participants who are less prepared for the operational demands of validating. Slashing risk doesn’t disappear just because the entry price dropped.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Shares of Amazon (AMZN +0.55%) have nearly doubled since the company's 20-for-1 stock split in 2022. The split made the share price more affordable for more investors, but it wasn't the reason for the stock's climb. Amazon made its retail business more efficient, boosted margins, and continued to grow its cloud business. The more important point for investors today isn't what the stock has already done, but where it's headed next.

The clearest reason the stock looks like an even better buy now is Amazon's rapidly expanding AI infrastructure capabilities. Operating cash flow has climbed to record levels over the past year, giving the company more internally generated capital to fund its next leg of growth.

Image source: The Motley Fool.

Amazon's most profitable business is on fire While the retail business has become more efficient thanks to robotics and cost-control initiatives, the main catalyst for long-term growth is Amazon Web Services (AWS). The cloud business is seeing strong revenue growth and accounts for most of Amazon's operating profit.

Across retail, cloud, and other services, Amazon generated $148 billion in trailing 12-month operating cash flow (cash from operations). This level of cash generation is a competitive advantage in AI. Training and deploying models requires massive investment in data centers, networking, and specialized chips. Amazon's investment in chips is already becoming a large business in its own right.

Within AWS, Amazon's Trainium AI accelerators and Graviton central processing units (CPUs) are now generating more than $20 billion in annualized revenue. Enterprises are increasingly seeking cost-efficient compute, and custom chips can materially reduce the cost of running AI workloads at scale. Amazon says it has more than $225 billion in commitments tied to Trainium usage from major AI players, including Anthropic and OpenAI.

This momentum points to enormous upside in Amazon's most profitable business. AWS revenue grew 28% year over year in the first quarter. On a trailing 12-month basis, this segment alone now generates $137 billion in revenue and $48 billion in operating income.

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Why the stock is a better buy than in 2022 Free cash flow is down because Amazon is spending aggressively on AWS capacity -- a common cash sink in this era of massive AI data center builds. That's exactly why cash from operations (CFO) is a more useful metric for valuing the stock right now -- it better reflects the business's earning power while investment ramps up.

On a per-share basis, the stock trades at about 18 times CFO, cheaper than at the time of the 2022 stock split, when it traded at 32 times. Given Amazon's stronger profitability, higher cash generation, and much deeper AI capabilities today, the stock looks more attractive now than it did just after the split.

The Arbitrum Foundation just put a $43.5 million price tag on keeping the lights on through 2027. The formal governance proposal, submitted on May 22, requests $16 million in real-world assets and stablecoins, 1,740 ETH, and 230 million ARB tokens to fund everything from core infrastructure to ecosystem development.

Here’s the thing: the Arbitrum DAO only generated $23.49 million in gross profit during 2025. Asking for roughly 1.85 times your annual revenue to cover next year’s expenses is, to put it mildly, a conversation starter.

The numbers that matter The Foundation projects $27.6 million in operating expenses for 2027, plus an additional 244.9 million ARB tokens earmarked for various costs. More than half of the budget, about 54%, goes toward technical infrastructure, security, and hosting for the Arbitrum One and Nova networks.

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The 2025 revenue of $23.49 million came from transaction fees, a mechanism called Timeboost, and expansion programs. One DeFi analyst flagged that the Foundation would effectively be operating at approximately 2.3 times its 2025 revenue level if the proposal passes.

An on-chain vote is scheduled to begin on June 8, giving ARB token holders the final say. This funding request goes beyond the initial AIP 1.1 allocation, meaning the Foundation is coming back to the well for more than originally planned.

Why Offchain Labs looms large Buried in the proposal is a detail that adds urgency to the timeline. Offchain Labs, the primary developer behind Arbitrum’s core technology, has its current funding arrangement through the Foundation set to expire in January 2027. Without a new deal, the team building the actual protocol could theoretically need to seek DAO funding directly.

The Foundation positions itself as a cost center designed to let the DAO maximize revenue, handling operational work so the broader ecosystem can focus on generating value.

Growth metrics vs. financial reality Daily transactions on Arbitrum have increased over 270% since early 2023, and the network’s stablecoin supply has tripled over the same period.

The 230 million ARB tokens requested represent meaningful dilution pressure. When a DAO allocates hundreds of millions of its native token for operational expenses, those tokens eventually hit the market in some form, whether through direct spending, grant distributions, or contractor payments.

The 2.3x revenue-to-expense ratio is the number to watch. If Arbitrum’s transaction fee revenue scales meaningfully through 2027, possibly driven by that 270% transaction growth trend, the spending could look prescient. If revenue flatlines or L2 fee compression continues across the industry, this proposal could become exhibit A in a case study about DAO fiscal discipline.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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NEW YORK--(BUSINESS WIRE)--Pershing Square Inc. (NYSE:PS) (“Pershing Square” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.122 per share of its common stock for the third quarter of 2026, payable on July 21, 2026 to shareholders of record as of the close of business on July 13, 2026.

This cash dividend marks Pershing Square’s first quarterly cash dividend since its initial public offering. The declaration and amount of any future quarterly cash dividends are at the sole discretion of the Company’s Board of Directors and may be variable from quarter to quarter. See Part I. Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity – Dividend Policy” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 for additional information.

About Pershing Square Inc.
Pershing Square Inc. is the parent company of Pershing Square Capital Management, L.P., an SEC-registered investment advisor to investment funds and other companies, based in New York.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When Pershing Square uses words such as "will", "expect" or similar expressions that do not relate solely to historical matters, Pershing Square is making forward-looking statements. Forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Pershing Square undertakes no obligation to update any "forward-looking statement" made in this press release, whether as a result of new information, changed assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.

Category: (PS: Corporate Actions)

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MIAMI, July 02, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for July 2026 of $0.0833 per share, comprised of an $0.08 per share base dividend and $0.0033 per share supplemental dividend, payable on August 3, 2026 to stockholders of record as of July 15, 2026. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.

The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

The specific tax characteristics of this distribution can be found on our website www.pennantpark.com.

ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC, a leading middle market credit platform, and its affiliates, manage approximately $10 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, Amsterdam, and Zurich. For more information about PennantPark and affiliates, please go to our website at www.pennantpark.com.

FORWARD-LOOKING STATEMENTS

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

CONTACT:
Richard T. Allorto, Jr.
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com

The logo of Tesla is seen on a Tesla car in Brussels, Belgium April 24, 2025. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab

CompaniesJuly 2 (Reuters) - Tesla (TSLA.O), opens new tab on Thursday launched a six-seater long wheelbase version of its best-selling ​Model Y SUV in the U.S., aiming to ‌boost sales of its electric vehicles after the removal of a key tax credit.

Prices of the launch version start from $61,990 in the U.S., according ​to Tesla's website.

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The EV maker said its ​Model Y with extended wheelbase is now also ⁠available in the United Arab Emirates, in a separate ​post on social media platform X.

Instead of launching new ​models, Tesla has been introducing different variants of the Model Y and its Model 3 compact sedan to stoke demand.

The company ​rolled out the longer version — called Model Y L — ​in China last year, which drove sales in the region despite ‌stiff ⁠competition from BYD (002594.SZ), opens new tab and other domestic automakers.

It later expanded the sale of the model to other Asia-Pacific markets. The three-row model, which offers 325 miles of range, ​is expected ​to help revive ⁠some demand in the U.S. after a slowdown due to the removal of ​a federal tax credit last year.

Tesla on ​Thursday posted record-setting ⁠second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that ⁠in ​2026 the EV maker can end ​its two-year streak of annual declines.

Reporting by Jaspreet Singh in Bengaluru ​and Abhirup Roy in San Francisco; Editing by Sahal Muhammed

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JPMorgan Chase has been ordered to keep paying convicted fraudster Charlie Javice‘s legal bills, with a Delaware judge rejecting the banking giant’s bid to halt what it called “astronomical” defense costs that have now topped $70 million.

Delaware Chancery Court Magistrate Judge Christian Wright said in his ruling on Thursday that JPMorgan failed to meet its “challenging burden” of proving that Javice’s legal fees were “so unmistakably unreasonable or clearly abusive” that they could only have resulted from bad faith.

The decision requires JPMorgan to continue advancing roughly $10.1 million in disputed legal fees incurred by Javice between January and September 2025.

JPMorgan Chase must keep paying Charlie Javice’s legal bills, a Delaware judge ruled. Alec Tabak for NY Post Last month, the Wall Street Journal reported that Javice is seeking a presidential pardon as she seeks to overturn her March 2025 conviction for defrauding JPMorgan into paying $175 million for Frank, the college financial-aid startup she founded.

The bank also sought to stop paying the legal fees of former Frank chief growth officer Olivier Amar, who was convicted alongside Javice and sentenced to 68 months in prison.

Wright rejected that request, too, ruling JPMorgan must continue advancing approximately $11.3 million in Amar’s disputed legal fees covering a similar period.

The latest ruling means JPMorgan remains on the hook for legal costs that now exceed $70 million for Javice alone and more than $136 million combined for her and Amar, according to court filings.

JPMorgan argued that the costs had spiraled out of control and sought to end its obligation to bankroll Javice’s defense under advancement rights stemming from its 2021 acquisition of Frank.

The dispute has featured some eyebrow-raising accusations by JPMorgan over what it says were lavish charges buried in Javice’s legal bills.

A Delaware judge rejected the bank’s bid to halt the “astronomical” defense costs. Corbis via Getty Images In separate court filings unsealed last year, the bank claimed defense lawyers sought reimbursement for $530 worth of gummy bears, more than $3,000 in first-class airfare, a $581 dinner that included a $161 seafood tower and more than $25,800 in luxury hotel upgrades.

JPMorgan also objected to charges that it said included a $284 car ride covering just half a mile, cocktails and wine, cellulite butter, a Spotify subscription, a suitcase, a Cookie Monster toddler toy, a pet hair roller, a coffee maker and even transportation to the American Museum of Natural History.

Javice’s spokesman countered that none of the disputed expenses were incurred, used or approved by her, saying they were attorney expenses that the bank was using to distract from its contractual obligation to advance her legal fees.

“We appreciate the court’s time and attention to this matter,” JPMorgan spokesman Pablo Rodriguez said in a statement to The Post.

“We respectfully disagree with the Delaware decision about the bounds of reasonableness and are considering next steps.”

Javice was sentenced to 85 months in prison after being convicted of defrauding JPMorgan Chase in the $175 million sale of Frank. Alec Tabak for NY Post Federal prosecutors said Javice falsely claimed Frank had data on more than 4 million students when it actually had information on only about 300,000, enabling her to pocket tens of millions of dollars from the sale.

She was later sentenced to 85 months in prison and is appealing both her conviction and sentence.

JPMorgan has been paying Javice’s legal bills since June 2023 under an earlier Delaware court order requiring the bank to advance defense costs while the underlying litigation proceeds.

The Delaware dispute centers on advancement rights rather than whether Javice is ultimately entitled to indemnification.

Under Delaware corporate law and the merger agreements governing the Frank acquisition, JPMorgan has been required to front legal expenses while challenges over the scope and reasonableness of those bills play out.

Wright concluded the bank had not shown the invoices were so excessive that they reflected bad faith, allowing the advancement obligations to continue despite Javice’s criminal conviction.

The Post has sought comment from Javice.

Lockheed Martin logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

July 2 (Reuters) - Lockheed Martin (LMT.N), opens new tab is leading the race to acquire Ultra Maritime, owned by private-equity ​firm Advent International, in a deal ‌that could value the naval defence business at about $3.5 billion, the Financial Times reported on Thursday, ​citing people familiar with the matter.

Talks ​are ongoing, and a deal could be ⁠announced as early as next week, the ​report said, adding that several other bidders ​remain interested in Ultra Maritime as part of a competitive auction process.

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Lockheed Martin and Advent did not ​immediately respond to Reuters requests for comment.

Ultra ​Maritime, which specializes in anti-submarine warfare and undersea defence ‌technologies, ⁠is part of Cobham Ultra, a group created after Advent acquired British aerospace Cobham in 2019 and later combined it with ​Ultra Electronics ​following its ⁠2022 takeover.

The potential deal comes as defence contractors seek to expand ​their military technology portfolios amid heightened ​geopolitical ⁠tensions and increased defence spending driven by conflicts, including the war in Ukraine and ⁠fighting ​in the Middle East.

Shares of ​Lockheed Martin were down marginally in extended trading.

Reporting by ​Apratim Sarkar in Bangalore; Editing by Vijay Kishore

Our Standards: The Thomson Reuters Trust Principles., opens new tab

July 02, 2026 16:05 ET  | Source: Robinhood Markets, Inc.

MENLO PARK, Calif., July 02, 2026 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) announced that it will release its second quarter 2026 financial results on Wednesday, July 29, 2026, after market close. Robinhood will host a video call with Chairman & Chief Executive Officer Vlad Tenev and Chief Financial Officer Shiv Verma to discuss its results at 2:00 PM PT / 5:00 PM ET on the same day. The video call and supporting materials will be available at investors.robinhood.com. The event will also be live streamed to YouTube and X.com via Robinhood’s official channels, @RobinhoodApp, and within the Robinhood mobile app. Following the call, a replay and transcript will be available at investors.robinhood.com.

Ahead of the call, Robinhood shareholders can visit https://app.saytechnologies.com/robinhood-markets-2026-q2 to submit and upvote questions for management using the Q&A platform developed by Say Technologies. The Q&A platform will be open for question submission starting Wednesday, July 22, 2026, at 2:00 PM PT / 5:00 PM ET. Shareholders will be able to submit and upvote questions until Tuesday, July 28, 2026, at 2:00 PM PT / 5:00 PM ET. Management will address a selection of the most upvoted questions relating to Robinhood’s business and financial results on the earnings call. Shareholders can email [email protected] for any support inquiries.

About Robinhood

Robinhood Markets, Inc. (NASDAQ: HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at robinhood.com.

Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission (SEC) Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

“Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

Contacts

Investor Relations: [email protected]

Press: [email protected]

, /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on September 18, 2026 to all stockholders of record as of the close of business on August 11, 2026.

About Terex
Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential.

We design and manufacture advanced specialty vehicles—including fire, ambulance, and recreational vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and true value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment.

With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders.

For more information, please visit www.terex.com.

Contact Information
Drew Konop, CFA
VP Investor Relations
Email: [email protected]

SOURCE Terex Corporation

Investors sought to withdraw less money from two of Blue Owl Capital's flagship private-credit funds in the second quarter, providing early signs that redemption pressures across the sector may be beginning to moderate after months of elevated withdrawals.

The New York-based alternative asset manager said investors requested withdrawals totaling $4.7 billion during the quarter, down from $5.4 billion in the previous three months.

The easing in withdrawal requests was welcomed by investors, with Blue Owl OWL shares rising by nearly 5% in Thursday trading.

The figures come as private-credit managers continue to grapple with heightened redemption activity following several high-profile borrower defaults last year that sparked concerns over the health of private-credit portfolios.

Blue Owl's stock has fallen by over 40% this year.

Redemptions remain above payout limitsWithdrawal requests declined across both of Blue Owl's largest non-traded business development companies, though they remained substantially above the quarterly redemption limits built into the funds.

At the $33.8 billion Blue Owl Credit Income Corp (OCIC), investors requested to redeem 18.8% of outstanding shares during the quarter, down from 21.9% in the first quarter.

The firm's technology-focused Blue Owl Technology Income Corp (OTIC), which manages $4.9 billion in assets, also recorded lower withdrawal requests.

Investors sought to redeem 38.1% of shares during the quarter compared with 40.7% in the previous period.

Like many non-traded private-credit vehicles, both funds limit quarterly repurchases to 5% of outstanding shares.

The mechanism is designed to avoid forcing managers to sell relatively illiquid corporate loans to meet investor withdrawals.

Blue Owl said roughly 90% of investors in OCIC remained invested, while the group of shareholders requesting redemptions was largely unchanged from previous quarters, with little participation from new investors.

Although redemption requests remain elevated, analysts believe recent trends suggest withdrawal activity may be nearing its peak.

Market participants still expect requests to stay above the 5% quarterly threshold for several more quarters, but some Wall Street analysts argue that the gradual moderation seen in the second quarter points to improving investor confidence.

"We believe OCIC's strong performance over the past three months has reflected the quality of portfolio fundamentals and contributed to improved investor sentiment," Blue Owl executives Craig Packer and Logan Nicholson said in a letter to shareholders.

The firm also said borrower fundamentals remained healthy, adding that "credit quality remained resilient," supported by solid operating performance across its portfolio companies.

Blue Owl said it was encouraged by the modest quarter-over-quarter decline in tender requests, attributing the improvement partly to the funds' recent performance.

Private credit remains under scrutinyBlue Owl has become one of the industry's most closely watched firms because it was among the earliest alternative asset managers to successfully market private-credit products to wealthy individual investors.

That strategy helped the firm rapidly expand assets under management to roughly $300 billion, but it has also made the company particularly exposed to swings in retail investor sentiment.

Persistent redemption requests have raised concerns that slower asset growth and capped withdrawals could weigh on fee income if investor demand remains subdued.

Pressure has not been limited to Blue Owl.

Several large private-credit managers, including Ares Management, Blackstone and BlackRock, have also experienced higher redemption activity in recent quarters, weighing on their share prices.

Investor concerns intensified in late June after withdrawals from a major Apollo Global Management private-credit fund climbed to 17% of assets from 11% in the previous quarter.

Executives across the industry have maintained that concerns surrounding private credit are exaggerated, though many acknowledge that elevated redemption activity is likely to continue in the near term.

Blue Owl said its largest credit fund remains well positioned to meet future redemption requests.

The company reported that OCIC holds $11.6 billion in cash, cash equivalents and available borrowing capacity, enough to fund approximately 12 quarters of payouts at the current 5% quarterly redemption limit.

While withdrawal requests remain well above the level funds are willing to meet each quarter, the latest figures suggest investors may be becoming more comfortable with private-credit portfolios after a turbulent period for the industry.

Key Takeaways PL shares have lost 11.9% in three months, lagging the industry, sector and the Zacks S&P 500 composite.PL trades at 22.76X price-to-sales, above the industry average of 3.15 and the three-year median of 3.8.Planet Labs' backlog rose 72% to over $906M, but losses are expected to continue through fiscal 2027. Shares of Planet Labs (PL - Free Report) have lost 11.9% in the past three months, underperforming the industry, its sector, as well as the Zacks S&P 500 composite. Planet Labs is a leading provider of Earth-imaging data and geospatial analytics, operating the largest fleet of Earth-observation satellites globally.

PL vs. Industry, Sector, S&P 500 in 3 Months
Image Source: Zacks Investment Research

Shares of Rocket Lab (RKLB - Free Report) , its peer, have gained 47.7% in the past three months, while those of BlackSky Technology (BKSY - Free Report) , another peer, have lost 6.7% in the same time frame.

PL Shares Are ExpensiveThe stock is overvalued compared with its industry. It is currently trading at a price-to-sales multiple of 22.76, higher than the industry average of 3.15 and the median of 3.8 over three years.  

Image Source: Zacks Investment Research

PL is relatively cheap compared to RKLB but expensive compared to BKSY.

The Case for PL StockPlanet Labs generates most of its revenues through a combination of fixed-price subscription agreements and usage-based contracts, delivering satellite imagery and geospatial data analytics to governments and large enterprises via its cloud-based platform. Revenue growth has been driven by an expanding subscription base, rising government demand and a strategic emphasis on higher-value satellite services and advanced analytics.

The company ended the first quarter of fiscal 2027 with backlog increasing 72% year over year to more than $906 million, providing strong revenue visibility and supporting expectations for faster growth. Management projects fiscal 2027 revenues of $425-$441 million.

Planet Labs has increasingly prioritized large government and defense contracts, which offer greater revenue stability and long-term visibility. Although this business remains its primary growth driver, management continues to view the commercial market as a significant long-term opportunity. Ongoing enhancements to its platform are expected to broaden commercial adoption. In particular, AI-powered analytics, initially developed for government customers, are creating new commercial opportunities across supply chain monitoring, surveillance, operational optimization, insurance risk assessment, financial analysis, energy management and agriculture.

Despite these growth prospects, Planet Labs remains unprofitable, and meaningful profitability is unlikely in the near term. Continued investments in satellite infrastructure, elevated research and development spending, and high operating expenses continue to put pressure on margins. After five consecutive years of losses, the company is expected to remain in the red through fiscal 2027, while returns on equity and invested capital remain well below industry averages. For fiscal 2027, management expects a non-GAAP gross margin of 52-54% and adjusted EBITDA ranging from breakeven to a profit of $10 million, indicating that sustained profitability is still some distance away.

Planet Labs Growth ProjectionsThe Zacks Consensus Estimate for fiscal 2027 revenues indicates a 41.9% year-over-year increase, while that for earnings suggests a 75% year-over-year decline. The consensus estimate for fiscal 2028 revenues indicates a 32.2% year-over-year increase, while that for earnings suggests an increase of 138.1% year over year.

The consensus estimate for fiscal 2027 and 2028 earnings has moved south in the past 30 days.

Image Source: Zacks Investment Research

The consensus estimate for 2026 earnings of RKLB has moved south in the past 30 days, while that for BKSY has witnessed no movement in the same time frame.

Parting Thoughts on PL SharesPlanet Labs, a data-driven company focused on Earth-observation imagery and analytics, is poised to grow, given the rising global demand for commercial satellites.

However, current factors warrant caution. With the stock trading at a premium, returns on capital comparing unfavorably with the industry, looming near-term earnings pressure, pessimistic analyst sentiment and a VGM Score of F, it is better to avoid this Zacks Rank #4 (Sell) stock for now.

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

Key Takeaways Powell posted 14% utility revenue growth and 35% commercial & industrial growth in fiscal Q2 2026.POWL's backlog reached $1.8 billion, up 33% year over year and 12% sequentially.Strong bookings, liquidity and balance sheet support Powell's revenue and earnings outlook for fiscal 2026. Powell Industries, Inc. (POWL - Free Report) is benefiting from its strong foothold and healthy project activities across the electric utility and commercial & other industrial markets. In the second quarter of fiscal 2026 (ended March 2026), revenues from the electric utility sector increased 14% year over year, while those from the commercial & other industrial sector surged 35%.

Powell is strengthening its participation across the electrical power value chain and benefiting from momentum in the data center and utility markets. Notably, it witnessed strong bookings in these markets in the first six months of fiscal 2026. Also, significant project awards supported by high investments in LNG, related gas processing and petrochemical processes have set Powell apart as a leading supplier of critical electrical infrastructure.

This has led to a strong backlog level, which was $1.8 billion (up 33% year over year and 12% sequentially) while exiting second-quarter fiscal 2026 (ended March 2026). Exiting the quarter, Powell’s new orders totaled $490 million, much higher than $439 million at the end of the previous quarter.

Given the company’s robust backlog, solid liquidity and a strong balance sheet, it looks forward to witnessing solid revenues and earnings in fiscal 2026 (ending September 2026).

Segment Snapshot of POWL’s PeersFranklin Electric Co. (FELE - Free Report) is witnessing solid momentum in the Energy Systems segment. In first-quarter 2026, net sales from Franklin Electric’s Energy Systems segment increased 7% year over year to $71.8 million. The segmental results were driven by an increase in volumes and price realization.

EnerSys (ENS - Free Report) is benefiting from the expansion of U.S. communications networks, fueled by AI-driven data demand. Increased demand for products from industrial customers is driving the Energy Systems segment’s results. Revenues from EnerSys’ Energy Systems segment increased 7% to $425.7 million in fourth-quarter fiscal 2026 (ended March 31, 2026).

POWL’s Price Performance, Valuation and EstimatesShares of Powell have surged 45% in the past three months compared with the industry’s growth of 15.9%.

Image Source: Zacks Investment Research

From a valuation standpoint, POWL is trading at a forward price-to-earnings ratio of 40.73X, above the industry’s average of 24.99X. Powell carries a Value Score of F.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for POWL’s fiscal 2026 (ending September 2026) earnings has decreased 1.8% over the past 60 days. However, the consensus estimates for fiscal 2027 (ending September 2027) have increased 9.8%.

Image Source: Zacks Investment Research

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

© Paul Marotta / Getty Images

Mark Zuckerberg just dodged a bullet. Zuckerberg, whom speculators give 32% odds of becoming the next trillionaire, came eerily close to steering Meta Platforms (NASDAQ:META | META Price Prediction) into one of the most legally and ethically fraught corners of consumer tech. According to NPR reporting from June 30, Zuckerberg personally floated an acquisition of prediction market platform Kalshi. Fortunately for him, the talks never advanced. The reason Meta walked away is the same reason investors should be relieved: the company judged the outstanding questions around Kalshi to be “too messy.”

Context matters. Meta just posted Q1 2026 revenue of $56.31 billion, up 33.1% year over year, with EPS of $10.44 versus a $6.66 estimate and Family of Apps daily active people reaching 3.56 billion, up 4% year-over-year. This is a $1.28 trillion company trading at roughly 20x trailing earnings. Bolting a regulated gambling venue onto that engine offered limited financial upside and enormous risk potential.

Why Kalshi Would Have Been a Disaster Prediction markets are riding a gambling wave. Amounts wagered on sports in the U.S. hit $165 billion in 2025, up from $6.6 billion in 2018. Kalshi’s platform spans 13 categories including elections, economics, sports, crypto, tech, and entertainment, a footprint that would thrust Meta squarely in front of the CFTC, state gaming regulators, and Congress.

Meta already faces EU and U.S. regulatory headwinds and youth-related litigation trials in 2026. The EU is escalating its probe into alleged addictive design elements impacting children, and Meta is negotiating with U.S. regulators for a voluntary review of its AI models. Bolting on a real-money betting venue to that pile would have placed another bullseye on Meta’s back.

Meta Pipeline While Kalshi was a distraction Meta avoided, the company’s actual pipeline is moving on several fronts.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.

Mini-games social feed. Meta is rolling out a new app featuring a social feed of vibe-coded mini-games in select regions, per Insider, an early signal of where the company sees lightweight interactive content heading. Meta Compute. Bloomberg reports Meta is developing a cloud infrastructure business to monetize excess AI compute capacity, internally dubbed Meta Compute. The initiative encompasses three layers: AI model access hosted on Meta’s own infrastructure comparable to AWS Bedrock, raw compute capacity available to third parties, closer to CoreWeave’s model, and direct developer access to Meta’s data centers, chips, and models. Meta shares surged more than 7% on the news. AI spending per employee. Meta spent nearly $50,000 per employee annually on AI tokens, per the New York Times, a figure that highlights how deeply the company has embedded AI tooling into its workforce before selling any of that capacity externally. Wolfe Research estimates Meta’s potential AI cloud business could lift EPS by roughly 20% for every 1 gigawatt of compute monetized at a $25 billion revenue run rate. The firm projects Meta’s 2027 capital expenditures at $200 billion, well above the Street’s $160 billion estimate, while maintaining an Outperform rating and an $800 price target. A Kalshi acquisition could have dropped a regulatory grenade into the middle of all of it.

The Market Verdict Reddit reacted quickly. A thread titled “Suckerberg panic bought the entire AI chip supply and now he has no idea what to do with it” hit 11,356 upvotes on r/wallstreetbets. Meanwhile, a companion “$META accepted defeat” post on r/stocks drew 1,184 upvotes and 448 comments. Ironically, prediction markets themselves priced the news as a modest negative: Polymarket assigned a 0.99 probability that META closes down on July 2.

Zuckerberg’s stated priority is “personal superintelligence,” backed by capex guidance of $125 to $145 billion in 2026. Reports suggest Meta is now building a play-money prediction market app in-house, carrying a far lighter regulatory footprint. Analysts still carry a consensus target of $827.32, with 57 buy ratings and zero sells. Passing on Kalshi kept that thesis intact.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

by Alan Boyle on Jul 2, 2026 at 10:42 amJuly 2, 2026 at 10:43 am

An Atlas 5 rocket lifts off from its Florida launch pad, sending 29 Amazon Leo satellites into orbit. (United Launch Alliance Photo) Amazon says the overnight launch of 29 satellites should clear the way for its Amazon Leo network to start offering commercial high-speed internet service from space this year, in direct competition with SpaceX’s Starlink network.

United Launch Alliance’s Atlas 5 rocket sent the satellites into low Earth orbit from Cape Canaveral Space Force Station at 12:30 a.m. ET today (9:30 p.m. PT Wednesday).

This was the last of eight Atlas 5 launches that Amazon reserved for its satellites. Going forward, ULA will use its next-generation Vulcan rocket to support Amazon Leo’s years-long deployment schedule. Amazon has also made launch reservations with Blue Origin, Arianespace and SpaceX.

The latest liftoff boosts Amazon Leo’s constellation to 396 operational satellites. That will be enough to support continuous connectivity in the initial latitudes targeted for commercial service, according to Chris Weber, vice president of business and product for Amazon Leo.

“Still lots of work ahead — including raising all these new satellites to their assigned altitude — but we’ve completed enough launches for initial service this year, and future missions just add coverage and capacity,” Weber said in a LinkedIn post.

Amazon has been beta-testing the service for months with a select group of customers, but connectivity hasn’t been continuous due to sparse orbital coverage. Amazon Leo’s business plan calls for launching commercial service within a limited zone concentrated at mid-northern and mid-southern latitudes, and gradually expanding the service area as more satellites go up.

“With hundreds of flight-ready satellites standing by at the Cape and a new, dedicated vertical integration facility ready to support Leo Vulcan 1 and subsequent missions, we have a clear path to increase launch and deployment cadence, helping us quickly expand network coverage following an initial service rollout later this year,” Melissa Wuerl, Amazon Leo’s director of launch systems, said in a statement released after the latest launch.

Amazon hasn’t yet announced pricing for satellite broadband service. The first-generation constellation, consisting of 3,232 satellites, is due to reach full deployment in mid-2029 — and Amazon has received regulatory approval for an even larger second-generation constellation.

When Amazon Leo begins commercial service, it will still trail far behind SpaceX’s Starlink satellite network, which has more than 10,000 satellites in orbit and 12 million subscribers. The satellites for both Starlink and Amazon Leo are built in the Seattle area.

In the years ahead, SpaceX plans to beef up Starlink’s capabilities in the emerging market for direct-to-device satellite services. Amazon is aggressively targeting that same market through its recent acquisition of Globalstar. Under a separate agreement tied to the deal, Amazon Leo will start powering Apple’s iPhone satellite services starting in 2028.

Wisk Aero, the electric air taxi company owned by Boeing, has been hit with a lawsuit from a former employee, who claims she was fired after raising safety concerns.

Former software manager Briahna O’Neill sued Wisk in Santa Clara Superior Court earlier this week, alleging discrimination and wrongful termination. The Seattle Times first reported on the lawsuit, noting that Boeing declined to comment.

O’Neill said she filed two internal safety reports that outlined how Wisk had engineers reduce the amount of FAA-required software testing being done in order to hit a test flight deadline in 2025. O’Neill claims she was fired just weeks after filing the second complaint.

Founded in 2019, Wisk is one of a number of companies trying to develop commercially viable electric vertical takeoff and landing aircraft. It’s one of the few companies working on aiming for full autonomy. Wisk is also one of the eight companies that were approved earlier this year by the FAA to join a three-year program for testing such aircraft. Wisk said it cannot comment on ongoing litigation.

Walmart’s agentic shopping push with Google’s Gemini has flipped a long-simmering thesis into a live catalyst: AI agents that browse, compare, and check out on behalf of consumers are moving from concept to production at the largest retailer on earth. That reroutes value across the entire e-commerce stack, from storefront platforms to payments rails to the warehouses and trucks that turn a chatbot cart into a doorstep delivery.

To rank the top beneficiaries, we weighted five factors: e-commerce growth, agentic AI readiness, marketplace or platform positioning, financial momentum, and direct linkage to the Walmart-Google flywheel. The beneficiary set includes such names as Target, Wayfair, UPS, Mastercard, and PayPal, but the five below are closest to the action.

5. FedEx FedEx (NYSE:FDX | FDX Price Prediction) is the parcel backbone for packages agentic carts will generate. Q4 FY26 revenue hit $25.01 billion (+12.5% year on year) with adjusted EPS of $6.31, the fourth consecutive beat. U.S. Priority Package yield rose 10%, and management guided calendar 2026 to roughly 11% revenue growth. Shares are up 68.1% year to date through July 1. Yield discipline and the June 1, 2026, Freight spin-off leave a leaner parcel business ready to price agentic-driven volume.

4. Etsy Etsy (NASDAQ:ETSY) is the most direct pure-play agentic-commerce partner. The marketplace has plugged into OpenAI’s shopping framework and cites partnerships with OpenAI, Microsoft, and Google as incremental traffic drivers. Q1 FY26 GMS grew 5.5% to $2.50 billion, active buyers grew sequentially for the first time in two years, and take rate expanded 180 bps to 25.7%. CEO Kruti Patel Goyal said, “As technology continues to evolve, particularly with the rise of AI, we believe those qualities become more important, not less.” Shares are up 31.4% year to date, with analysts carrying a $72.71 target.

3. Symbotic Symbotic (NASDAQ:SYM) is the purest picks-and-shovels play on Walmart’s fulfillment buildout. Q2 FY26 revenue rose 23.1% to $676.48 million, adjusted EBITDA more than doubled to $77.75 million, and operational systems reached 52 (up from 37). The contracted backlog sits near $22.7 billion, anchored by Walmart and buttressed by the SoftBank Exol JV worth roughly $11 billion. Symbotic acquired Walmart’s Advanced Systems and Robotics business, deepening the linkage. Shares are down 24.4% year to date, which arguably prices in the GAAP EPS miss while leaving room for re-rating if agentic order flow lifts throughput.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.

2. Shopify Shopify (NASDAQ:SHOP) is the merchant-side AI backbone for millions of storefronts an agent will transact against. Q1 FY26 revenue jumped 34.3% to $3.17 billion, GMV reached $100.74 billion (+35%), and free cash flow was $476 million at a 15% margin. Merchant Solutions revenue grew 39%, and Shopify is layering AI commerce intelligence, agentic checkout tooling, and merchant-facing AI directly into its stack. Shares trade at a rich 120 times earnings and are down 24.44% year to date, giving forward-looking investors a cheaper entry into the agentic distribution layer than a year ago.

1. Walmart Walmart (NYSE:WMT) is the story. Q1 FY27 revenue hit $175.68 billion (+6.1% year on year), global e-commerce grew 26% and now represents 23% of net sales, marketplace sales rose nearly 50%, and Walmart Connect advertising grew 44% ex-VIZIO. Store-fulfilled delivery is up 45%, with expedited orders under three hours accounting for roughly 36% of store-fulfilled volume. CEO John Furner said Walmart is “adopting innovative technologies, driving productivity through automation, and growing higher-margin commerce solutions.” A $30 billion repurchase authorization underpins the investment case. Analysts carry a $138.59 target versus a current price near $111.60. The Google Gemini agentic shopping tie-in gives Walmart a distribution moat few competitors can replicate: physical stores, a booming marketplace, its own ad platform, robotics via Symbotic, and an AI front door.

The Bottom Line Walmart owns the anchor deal, Shopify powers the merchant layer, Symbotic automates the warehouses, Etsy is already inside the ChatGPT shopping surface, and FedEx moves what agents buy. Consumer sentiment is soft (the University of Michigan index printed 44.8 in May 2026, well into recessionary territory), yet retail sales still hit a 12-month high of $763.7 billion. The clear risk: agentic commerce adoption is early and unproven, and any of these stocks could see the narrative outrun the numbers before consumers meaningfully shift to AI-mediated checkout.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Walmart didn't make the cut. Grab the names FREE today.

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Key Takeaways Adobe is expanding Firefly with Topaz Labs' AI tools for image and video enhancement.Topaz Labs adds upscaling, sharpening, noise removal and restoration capabilities to Adobe. Adobe expects fiscal 2026 revenues of $26.5B-$26.6B as AI demand continues to grow. Adobe (ADBE - Free Report) has been leveraging AI to boost top-line growth. The acquisition of Topaz Labs strengthens Adobe’s AI strategy by adding image and video enhancement technology to its growing Firefly ecosystem. The deal complements Adobe’s broader vision of becoming the AI platform of choice for creators by expanding AI capabilities beyond content generation into professional-quality enhancement, restoration and editing.

Topaz Labs’ AI models specialize in upscaling, sharpening, noise removal, stabilization, frame interpolation and archival restoration. Once integrated into Adobe Firefly, Firefly Services and Creative Cloud applications such as Photoshop, Lightroom and Premiere Pro, these technologies will enable creators to seamlessly combine AI-generated and traditionally captured content while maintaining professional-grade quality. This strengthens Adobe's ability to serve filmmakers, photographers, designers and enterprises that increasingly rely on hybrid AI workflows.

The acquisition advances Adobe’s strategy of attracting more AI users through Firefly. During its latest earnings call, management said AI-driven content creation demand is accelerating rapidly, as creative freemium monthly active users (MAUs) surged from more than 50 million to more than 90 million on a year-over-year basis. Firefly’s annual recurring revenue grew roughly 50% sequentially. Adobe is intentionally expanding its freemium AI offerings to acquire hundreds of millions of new creators before monetizing them through subscriptions and AI credit consumption.

Topaz Labs’ proprietary Neurostream technology enables large AI models to run efficiently on local devices instead of relying solely on the cloud. This aligns with Adobe’s goal of delivering faster, lower-cost and more responsive AI experiences while expanding access to advanced creative tools across a broader range of devices. On-device AI can also reduce inference costs and improve responsiveness, supporting Adobe's long-term push to scale AI profitably.

As enterprises and creators increasingly demand end-to-end AI-powered content production, the addition of Topaz Labs makes Adobe’s Firefly and Creative Cloud ecosystem more comprehensive and better positioned to capture the growing AI-powered creative market. For fiscal 2026, Adobe now expects total revenues between $26.5 billion and $26.6 billion. Adobe expects Business Professionals and Consumers’ subscription revenues between $7.44 billion and $7.48 billion. Creative and Marketing Professionals subscription revenues are expected to be between $18.21 billion and $18.27 billion.

Adobe Faces Tough CompetitionAdobe’s AI business is minuscule compared with Microsoft (MSFT - Free Report) and Alphabet (GOOGL - Free Report) .

Microsoft’s Intelligent Cloud revenues are benefiting from growth in Azure AI services and a rise in the AI Copilot business. The company monetizes AI through existing customer relationships, reducing customer acquisition costs while expanding revenue per user. The Intelligent Cloud segment delivered third-quarter fiscal 2026 revenues of $34.7 billion, up 30%, and is guided between $37.95 billion and $38.25 billion in the fourth quarter of fiscal 2026, indicating 27% to 28% growth. Azure’s comprehensive infrastructure capabilities position the company to capture increasing cloud migration spending while maintaining pricing power through differentiated services.

 Alphabet’s focus on leveraging AI to drive growth is a key catalyst. AI is heavily infused across its offerings, including Search and Google Cloud. AI is driving Alphabet’s Search & Other revenues, which grew 19% year over year in the first quarter of 2026. Gemini Enterprise’s paid monthly active users grew 40% sequentially, while revenues from products built on Google’s generative AI models increased nearly 800% year over year. Alphabet’s total paid subscriptions reached 350 million, driven in part by Gemini app adoption and premium AI plans.

ADBE’s Share Price Performance, Valuation & EstimatesAdobe shares have dropped 39.7% year to date, underperforming the broader Zacks Computer and Technology sector’s return of 18.3%.

Adobe Stock’s Price Performance
Image Source: Zacks Investment Research

The ADBE stock is trading at a discount, as suggested by a Value Score of A. In terms of trailing price/book, Adobe shares are trading at a discount of 7.28X compared with the broader sector’s 10.28X.

ADBE Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $24.17 per share, up 2.8% over the past 30 days, suggesting 15.43% year-over-year growth. 
 

Adobe currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Palantir (PLTR +3.93%), an AI-driven data mining and analytics company, began trading at $10 per share after going public via a direct listing on Sept. 30, 2020. It set a record high of $207.18 on Nov. 3, 2025, but it now trades at about $129. Does that pullback make Palantir's stock, which has been richly valued ever since its public debut, a more attractive investment?

How fast is Palantir growing? Palantir operates two main platforms: Gotham for its government clients and Foundry for its commercial ones. Both platforms aggregate data from disparate sources to help their clients make faster data-driven decisions. Most U.S. government agencies use Gotham, while commercial giants like Amazon and Walmart use Foundry.

Image source: Getty Images.

From 2021 to 2025, Palantir's revenue grew at 30.5% CAGR from $1.54 billion to $4.48 billion. It also turned profitable in 2023, and its net income rose nearly eightfold from $210 million that year to $1.63 billion in 2025. Those soaring profits led to its inclusion in the S&P 500 in 2024.

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Palantir's government business grew as military conflicts in Ukraine and the Middle East drove the U.S. government to ramp up the use of its data-gathering services. Its commercial business flourished as it gained even more enterprise customers in the U.S. market. It's also expanding its AI platform for creating custom apps within its ecosystem.

From 2025 to 2028, analysts expect Palantir's revenue and net income to grow at CAGRs of 53% and 65%, respectively. The expansion of its AI enterprise "bootcamps", which help its U.S. commercial customers build new AI applications in days, new government mega-contracts, and its expansion into the space economy market should drive that growth.

By replacing fragmented data silos with its unified platforms, Palantir locks in its customers and widens its moat against smaller data-mining companies. To expand its total addressable market beyond its core government and commercial customers, it's also rolling out cheaper, modular components for smaller businesses that can't afford a seven-figure contract.

Is Palantir becoming a bargain? Palantir's business is firing on all cylinders, but much of that growth is baked into its valuation. When it hit its all-time high in Nov. 2025, it traded at 329 times the $0.63 per share in generally accepted accounting principles (GAAP) earnings per share (EPS) it would generate in 2025. Its market cap also peaked at $493.8 billion, or 110 times its 2025 sales of $4.48 billion.

At the time, many growth-oriented investors were willing to pay a premium for Palantir because they expected more rate cuts in 2026. But in the first half of the year, the Iran war and soaring inflation have forced the Fed to keep its benchmark rate unchanged. The Fed's recent decision to stop issuing forward guidance also implies interest rate hikes -- which could drive investors away from pricier growth stocks like Palantir -- are still on the table. Inflation and higher interest rates could also drive its commercial customers to rein in their near-term spending.

All of those headwinds caused Palantir's stock to retreat from its record high. But at $129 per share with a market cap of $301.4 billion, it still trades at 93 times this year's earnings and 39 times this year's sales. So while Palantir is cheaper than it was seven months ago, it's still an expensive hypergrowth stock.

How much upside potential does Palantir have? If it matches analysts' earnings expectations through 2028 but trades at 50 times its current-year earnings in July 2028, its stock would only rise about 3% to $133 over the next two years. If it trades at a more generous 60 times earnings, its stock would rise 24% to $160.

Palantir's business is booming, but its stock's upside is limited. Its valuations are gradually catching up to its growth rates, but it will take at least two or three more years for its price-to-earnings and price-to-sales ratios to stabilize at more sustainable levels.

It has been about a month since the last earnings report for Palo Alto Networks (PANW - Free Report) . Shares have added about 25.5% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Palo Alto due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

Palo Alto Networks Q3 Earnings and Revenues Surpass EstimatesPalo Alto Networks delivered third-quarter fiscal 2026 non-GAAP earnings of 85 cents per share, which beat the Zacks Consensus Estimate of 81 cents by 4.9%. The figure improved 6.3% year over year.

Palo Alto Networks’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 7.03%.

PANW reported third-quarter fiscal 2026 revenues of $3 billion, which topped the Zacks Consensus Estimate of $2.92 billion by 2%. Revenues increased 31% year over year from $2.29 billion in the year-ago quarter. Management attributed the quarter’s strength to accelerating organic bookings momentum as customers turned to the company to secure AI deployments at scale.

PANW’s Q3 in DetailProduct revenues increased to $594 million from $453 million in the year-ago quarter, accounting for 19.8% of total revenues. Subscription and support revenues, which represented 80.2% of total revenues, rose to $2.41 billion from $1.84 billion, reflecting the company’s continued shift toward recurring revenues.

Remaining performance obligation (RPO) rose to $18.4 billion, up 36% year over year, including contributions from CyberArk and Chronosphere. Next-Generation Security ARR climbed to $8.13 billion, up 60% year over year, supported by platform adoption and growth across the company’s next-generation portfolio.

Non-GAAP gross profit grew to $2.27 billion compared to a non-GAAP gross margin at 75.8%. Non-GAAP operating income increased to $814 million, while the non-GAAP operating margin remained strong at 27.1%, reflecting continued profitability strength.

PANW’s Balance Sheet & Cash FlowAs of April 30, 2026, Palo Alto Networks had $3.11 billion in cash and cash equivalents and short-term investments.

Cash generation strengthened year over year. Net cash provided by operating activities was $871 million, up from $554 million in the prior quarter. Adjusted free cash flow was $910 million compared with $502 million in the prior quarter, while the trailing 12-month adjusted free cash flow margin was 38.5%, up 430 basis points year over year.

PANW’s FY26 GuidanceFor fiscal 2026, Palo Alto Networks now expects revenues in the range of $11.41 billion to $11.42 billion, suggesting year-over-year growth of 24%.

RPO is projected to be in the range of $20.9-$21.0 billion, while Next-Gen Security ARR is forecasted between $8.9 billion and $8.95 billion, implying 59-60% annual growth. The company projects a non-GAAP operating margin in the range of 28.9% to 29.2% and an adjusted free cash flow margin of 37.5%.

PANW’s non-GAAP earnings per share (EPS) are expected in the band of $3.77 to $3.79.

For the fiscal fourth quarter of 2026, Palo Alto Networks expects revenues in the range of $3.34 billion to $3.35 billion, indicating year-over-year growth of 32%.

The company also guided Next-Generation Security ARR to $8.90 billion to $8.95 billion, suggesting growth of 59% to 60%, and RPO in the range of $20.9 billion to $21.0 billion.

Non-GAAP EPS for the fiscal fourth quarter are projected in the range of 96 cents to 98 cents.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted -7.87% due to these changes.

VGM ScoresAt this time, Palo Alto has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the fifth quintile for value investors.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Palo Alto has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerPalo Alto belongs to the Zacks Security industry. Another stock from the same industry, SentinelOne (S - Free Report) , has gained 7.9% over the past month. More than a month has passed since the company reported results for the quarter ended April 2026.

SentinelOne reported revenues of $276.66 million in the last reported quarter, representing a year-over-year change of +20.8%. EPS of $0.04 for the same period compares with $0.02 a year ago.

SentinelOne is expected to post earnings of $0.07 per share for the current quarter, representing a year-over-year change of +75%. Over the last 30 days, the Zacks Consensus Estimate has changed +2.4%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for SentinelOne. Also, the stock has a VGM Score of F.

Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.

The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.

The integration uses a Web3-enabled version of Broadridge’s investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.

The move comes as tokenized equities gain momentum among digital asset companies seeking to bring conventional financial products onchain. While tokenization promises faster settlement and around-the-clock trading, questions have remained over whether investors would receive the governance rights that accompany traditional direct stock ownership.

Source: Ondo Finance

Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The company said the assets are the first issued under the US Securities and Exchange Commission's third-party custodial framework for tokenized securities.

Competition heats up in tokenized equitiesThe market for tokenized stocks has expanded rapidly this year, as its total value first surpassed $1 billion in March, according to Foresight Ventures. Data published by Ondo on Wednesday showed the market has since grown to $1.67 billion, with nearly 181,000 unique holders.

Ondo is one of several companies competing for a share of the fast-growing market. Backed Finance, which issues tokenized stocks through its xStocks platform, has also expanded its footprint, with its products now available across multiple crypto exchanges and blockchain networks.

The market for tokenized stocks has grown nearly 14-fold since May 2025. Source: Ondo Finance

Tokenization has emerged as one of crypto’s fastest-growing sectors in 2026, defying broader market weakness. A recent 21shares report attributed the trend to rising institutional adoption and improving infrastructure. Separate data from Binance showed the value of tokenized real-world assets, including stocks, has surged nearly 600% over the past year.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Hyperliquid Adds GRAM Perps After Sustained Community Requests@HyperliquidX has officially listed $GRAM perpetual futures, allowing traders to go long or short on the asset with up to 5x leverage. The listing follows a sustained wave of community requests as the token gained volume across major global venues including @Official_Upbit and @Binance.

The move gives traders their first high-performance decentralized venue for hedging $GRAM exposure. Hyperliquid is a Layer 1 blockchain known for its fully onchain order book and perpetual futures exchange, where every order and liquidation is executed and settled transparently onchain.

What Is GRAM and Why Does It Matter NowThe timing of the listing is closely tied to a significant rebrand on @Ton_blockchain. On June 15, 2026, the token formerly known as Toncoin was officially renamed Gram, with the ticker switching from TON to GRAM after a community governance vote passed with 81.22% support. The blockchain itself retains the name The Open Network.

The rebrand was a pure branding update covering name, ticker, and logo only. There was no new contract, no token swap, and no migration step of any kind. All $TON balances converted to $GRAM automatically at a 1:1 ratio, with no action required from holders.

The name Gram carries historical weight. The Gram rename is step four of Pavel Durov's Make TON Great Again roadmap, with Telegram now serving as the network's primary operator and largest validator. Gram was the original token name chosen in TON's 2018 whitepaper before U.S. regulatory pressure forced the project to pause and restructure under community leadership.

With $GRAM now trading at scale across centralized venues and the rebrand fully live, Hyperliquid's listing provides a decentralized derivatives layer for traders seeking to hedge or speculate on the asset without relying on custodial infrastructure.

Sources
Hyperliquid overview, CoinMarketCap
GRAM rebrand guide, MEXC News
Toncoin to GRAM rebrand explained, SpotedCrypto