Track market-moving stories before they get noisy

ServiceNow, Inc. remains a top AI-native software pick, delivering robust Q1 2026 results and raising its full-year outlook. NOW's pivot to AI is driving tangible growth: a 22% YoY revenue increase, 23.5% RPO growth, and strong demand for AI products like Now Assist. Valuation is no longer extreme but remains at a premium; a PEG ratio of 1x reflects a 25% EPS CAGR, justifying selective accumulation.

, /PRNewswire/ -- As part of a historic investment to rebuild the Arsenal of Freedom, the Department of War named Lockheed Martin (NYSE: LMT) the prime contractor of U.S. Special Operations Command's (USSOCOM) next-generation logistics and sustainment support program.

SOF GLSS 2 provides a wide range of mission-critical services, including aircraft and vehicle maintenance, IT and electronics support to the U.S. Special Operations community. The $10.5 billion, 12-year contract funds the Special Operations Forces Global Logistics Support Services II (GLSS2), a competitive follow-on contract to previous ones managed by Lockheed Martin since 2010 to ensure U.S. Special Operations has the sustainment and life-cycle management to support rapid deployment and mission overmatch.

THE BIG PICTURE

Under the new contract, Lockheed Martin will continue to execute day-to-day activities and conduct sustainment and life-cycle management of:

Global supply chain of parts, warehouses and depots; Aircraft, vehicle and equipment repair, maintenance and modifications; and Critical infrastructure support and business process transformation. EXPERT PERSPECTIVE

"Lockheed Martin is deeply honored to stand beside the men and women of our Special Operations Forces," said Vic Torla, vice president, Lockheed Martin SOF GLSS. "For more than 16 years, our teams have relentlessly delivered the logistics and sustainment expertise required to accomplish our nation's most critical missions. We recognize the urgency of every operation, and our dedicated personnel, parts, and services are positioned to meet the SOF warfighter's needs. Building on the proven success with the SOF CLSS and SOF GLSS programs, we are poised to further transform SOF logistics worldwide, ensuring our exceptional operators always have what they need, when they need it." WHY IT MATTERS

SOF GLSS 2 is USSOCOM's largest service contract vehicle, providing a wide range of mission-critical services, including aircraft and vehicle maintenance, IT and electronics support to the U.S. Special Operations community.

ADDITIONAL CONTEXT

The Lockheed Martin-led Global Logistics Support Services team includes numerous subcontractor partners that provide capabilities to benefit special operations forces and ensure they receive the highest possible level of support. Lockheed Martin SOF GLSS is located at Bluegrass Station in Lexington, Kentucky, and employs over 3,300 employees worldwide. The company continues to expand its sustainment and logistics services to military and government agencies worldwide, and has a global network of people, facilities, suppliers and partners supporting around-the-clock operations. About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

SOURCE Lockheed Martin

Also from this source

July 16, 2026 07:30 ET  | Source: Cronos Group Inc.

TORONTO, July 16, 2026 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2026 second quarter earnings conference call on Thursday, August 6, 2026 at 8:30 a.m. ET. Cronos’ senior management team will discuss the Company’s financial results and will be available for questions from the investment community after prepared remarks.

To attend the conference call or webcast, participants should register online at https://ir.thecronosgroup.com/events-presentations. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. The webcast of the call will be archived for replay on the Company’s website.

About Cronos

Cronos is a global cannabis company focused on scaling leading consumer goods products through R&D and innovation. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach®, PEACE NATURALS®, LIT™ and Lord Jones®. For more information about Cronos and its brands, please visit: https://thecronosgroup.com/.

Forward-looking Statements

This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about Cronos’ intention to build an iconic brand portfolio and its focus on scaling leading consumer goods products through R&D and innovation. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks, financial results, results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, each of which have been filed on SEDAR+ and EDGAR and can be accessed at www.sedarplus.ca and www.sec.gov/edgar, respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement.

Cronos Contact
Harrison Aaron
Investor Relations
Tel: (416) 504-0004
[email protected]

Second quarter results show momentum building across the business

Raises 2026 guidance for the second time; leasing hits record

, /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) raised its 2026 guidance for the second time this year, supported by record leasing and improving operating fundamentals.

"We believe the business is entering its next phase of growth," said Daniel S. Letter, chief executive officer of Prologis. "Customer demand is broadening, and our opportunity set is expanding as logistics, digital infrastructure and energy needs increasingly intersect. Given our scale and deep customer relationships, we are well positioned for this next cycle."

Key highlights for the quarter ended June 30, 2026:

Financials Results:

Net earnings per diluted share was $1.13, compared with $0.61 for the same period in 2025. Core funds from operations (Core FFO)* per diluted share was $1.63, compared with $1.46 for the same period in 2025. Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.60, compared with $1.47 for the same period in 2025. Operational Results:

Signed over 67 million square feet of leases, a record level. Increased owned & managed period end occupancy to 95.5%, a 20-basis point increase compared to March 31, 2026. Delivered same-store NOI* (at Prologis share) year-over-year growth of 6.4% on a net effective basis and 8.5% on a cash basis. Capital Deployment (Owned & Managed):

Started $1.6 billion of development across logistics and data centers. Completed $1.8 billion of third-party acquisitions at attractive discounts to replacement cost. Executed $766 million of dispositions, recycling capital into higher-return opportunities. Contributed $518 million of logistics real estate to Strategic Capital vehicles. Expanded the data center power pipeline to 5.8 GW. "Our business is performing at a high level, with multiple drivers of growth across the platform," said Timothy D. Arndt, chief financial officer of Prologis. "Embedded rent growth provides clear earnings visibility, and the scale of the opportunity ahead of us, together with our strong balance sheet, positions Prologis to deliver durable earnings growth and compound long-term value."

OPERATING PERFORMANCE  

Owned & Managed

2Q26

Average Occupancy

95.0 %

Period End Occupancy

95.5 %

Leases Commenced (Operating and Development Portfolio)     

61.7 MSF

Retention

72.7 %

Prologis Share

2Q26

Average Occupancy

94.9 %

Cash Same Store NOI*

8.5 %

 Net Effective Rent Change 

36.9 %

Cash Rent Change

22.3 %

DEPLOYMENT ACTIVITY

Prologis Share

2Q26

Acquisitions

$1,119M

     Weighted avg stabilized cap rate (excluding other real estate)

4.1 %

Development Stabilizations

$646M

     Estimated weighted avg yield

6.3 %

     Estimated weighted avg margin

13.8 %

     Estimated value creation

$89M

     % Build-to-suit

24.0 %

Development Starts

$1,342M

     Estimated weighted avg yield

7.2 %

     Estimated weighted avg margin

32.3 %

     Estimated value creation

$434M

     % Build-to-suit

74.7 %

Total Dispositions and Contributions

$1,009M

Weighted avg stabilized cap rate (excluding land, properties under development, and other real estate)

5.1 %

BALANCE SHEET STRENGTH & LIQUIDITY
During the quarter, the company:

Closed, together with its co-investment ventures, an aggregate of $3.4 billion of debt at a weighted average interest rate of 4.4% and a weighted average term of 6.2 years. As of quarter-end:

Total available liquidity was approximately $7.6 billion. Debt-to-Adjusted EBITDA* was 4.7x and debt as a percentage of total market capitalization was 23.9%. The weighted average interest rate on the company's share of total debt was 3.3%, with a weighted average term of 7.9 years. Forecasted earnings for 2026, 2027 and 2028 are 99%, 98% and 97%, respectively, in USD or hedged through derivative contracts and 96% of Prologis' equity was in USD. 2026 GUIDANCE 
Prologis' guidance for net earnings is included in the table below as well as guidance for Core FFO*, which are reconciled in our supplemental information. 

2026 GUIDANCE  

Earnings (per diluted share)**   

Previous

Current

Net earnings attributable to common stockholders

$3.80 to $4.05

$4.40 to $4.55

Core FFO attributable to common stockholders/unitholders*

$6.07 to $6.23

$6.22 to $6.30

Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*

$6.12 to $6.28

$6.22 to $6.30

 ** Note: Please refer to section titled "U.K. Takeover Code Required Disclosure in Connection With Possible Offer for SEGRO plc" below. 

Operations - Prologis Share 

Previous

Current   

Average occupancy

95.00% to 95.75%

95.25% to 95.75%

Cash Same Store NOI*

6.25% to 7.00%

6.75% to 7.25%

Net Effective Same Store NOI*

4.75% to 5.50%

5.25% to 5.75%

Strategic Capital (in millions) 

Previous 

Current   

Strategic Capital revenue, excluding promote revenue

$660 to $680

$660 to $680

Net Promote Income (Expense)1

$(50)

$0

G&A (in millions) 

Previous

Current

General & administrative expenses

$510 to $525

$510 to $525

Capital Deployment - Prologis Share (in millions)2

Previous 

Current  

Development stabilizations

$2,250 to $2,750

$2,250 to $2,750

Development starts

$3,500 to $4,500

$4,500 to $5,500

Acquisitions

$1,000 to $1,500

$1,500 to $2,000

Contributions

$1,750 to $2,250

$2,000 to $2,500

Dispositions

$1,750 to $2,250

$2,250 to $2,750

Realized development gains

$500 to $700

$600 to $700

Net promote expense relates to amortization of stock compensation issued to employees related to promote income recognized in prior periods. Inclusive of data centers.        *This is a non-GAAP financial measure. See the Notes and Definitions in our supplemental information for further explanation and a reconciliation to the most directly comparable GAAP measure.

The earnings guidance described above includes potential gains recognized from real estate transactions but excludes any future or potential foreign currency or derivative gains or losses as our guidance assumes constant foreign currency rates. In reconciling from net earnings to Core FFO*, Prologis makes certain adjustments, including but not limited to our share of real estate depreciation and amortization expense, gains (losses) recognized from real estate transactions and early extinguishment of debt, impairment charges, deferred taxes and unrealized gains or losses on foreign currency or derivative activity. The difference between the company's Core FFO* and net earnings guidance relates predominantly to these items. Please refer to our quarterly Supplemental Information, which is available on our Investor Relations website at https://ir.prologis.com and on the SEC's website at www.sec.gov for a definition of Core FFO* and other non-GAAP measures used by Prologis, along with reconciliations of these items to the closest GAAP measure for our results and guidance.

U.K. TAKEOVER CODE REQUIRED DISCLOSURE IN CONNECTION WITH POSSIBLE OFFER FOR SEGRO PLC
Prologis' Earnings (per diluted share) guidance set forth above (the "Profit Forecast") constitutes a profit forecast for the purposes of Rule 28 of the U.K. City Code on Takeovers and Mergers (the "Code"). The U.K. Takeover Panel has granted Prologis a dispensation from the Code requirement to include a report from a reporting accountant and Prologis' financial advisers in respect of the Profit Forecast. SEGRO plc has agreed to Prologis receiving this dispensation, on the basis that: (i) the Profit Forecast is presented on a basis consistent with Prologis' ordinary course quarterly guidance; and (ii) the Prologis board of directors is providing the confirmations in respect of the Profit Forecast stated below. The U.K. Takeover Panel has granted its dispensation on the same basis.

Prologis' board of directors has considered the Profit Forecast and confirms that the Profit Forecast is valid and has been properly compiled on the basis of the assumptions, and subject to the factors, set forth in the "Forward-Looking Statements" disclaimer below and that the basis of accounting used in preparing the Profit Forecast is consistent with the accounting policies of Prologis.

The Profit Forecast and certain other statements set forth in this announcement constitute "forward-looking statements" as described in the "Forward-Looking Statements" disclaimer below, and investors should consider the Profit Forecast and such other statements in the context of being so disclaimed.

JULY 16, 2026, CALL DETAILS 
The call will take place on Thursday, July 16, 2026, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com.

A telephonic replay will be available July 16 - July 30 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612-7415 (from all other countries) using access code 13757425. The webcast replay will be posted in the Investor Relations section of www.prologis.com under "Events & Presentations."

ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including those specific to data center development and the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.

dollars in millions, except per share/unit data

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Rental and other revenues

$                       2,183

$                       2,037

$                          4,321

$                           4,036

Strategic capital revenues

242

147

402

288

Total revenues

2,425

2,184

4,723

4,324

Net earnings attributable to common stockholders

1,061

570

2,041

1,161

Core FFO attributable to common stockholders/unitholders*

1,559

1,396

3,000

2,752

AFFO attributable to common stockholders/unitholders*

1,323

1,036

2,795

2,120

Adjusted EBITDA attributable to common stockholders/unitholders*

2,143

1,789

4,321

3,561

Estimated value creation from development stabilizations - Prologis Share

89

64

477

304

Common stock dividends and common limited partnership unit distributions

1,027

966

2,053

1,931

Per common share - diluted:

Net earnings attributable to common stockholders

$                         1.13

$                         0.61

$                            2.18

$                            1.25

Core FFO attributable to common stockholders/unitholders*

1.63

1.46

3.13

2.88

Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*

1.60

1.47

3.12

2.91

Business line reporting:

Real estate* 

1.54

1.40

2.99

2.76

Strategic capital* 

0.09

0.06

0.14

0.12

Core FFO attributable to common stockholders/unitholders*

1.63

1.46

3.13

2.88

Realized development gains, net of taxes*

0.09

0.01

0.39

0.04

Dividends and distributions per common share/unit

1.07

1.01

2.14

2.02

*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation.

in thousands

June 30, 2026

March 31, 2026

December 31, 2025

Assets:

Investments in real estate properties:

Operating properties

$                                           82,117,896

$                                        80,875,731

$                                         80,561,020

Development portfolio

2,741,535

2,492,161

3,019,009

Land

4,802,617

4,684,949

4,888,153

Other real estate investments

7,351,737

7,188,604

6,661,174

97,013,785

95,241,445

95,129,356

Less accumulated depreciation

15,783,188

15,298,353

14,729,149

Net investments in real estate properties

81,230,597

79,943,092

80,400,207

Investments in and advances to unconsolidated entities

11,467,403

11,241,723

11,093,936

Assets held for sale or contribution

498,975

499,799

203,344

Net investments in real estate

93,196,975

91,684,614

91,697,487

Cash and cash equivalents

1,765,043

861,144

1,145,647

Other assets

6,049,854

5,587,693

5,881,122

Total assets

$                                         101,011,872

$                                        98,133,451

$                                         98,724,256

Liabilities and Equity:

Liabilities:

Debt 

$                                           36,442,085

$                                        34,669,592

$                                         35,037,073

Accounts payable, accrued expenses and other liabilities

6,450,272

5,515,367

5,933,175

Total liabilities

42,892,357

40,184,959

40,970,248

Equity:

Stockholders' equity

53,725,722

53,503,401

53,193,178

Noncontrolling interests

3,304,267

3,316,274

3,316,713

Noncontrolling interests - limited partnership unitholders

1,089,526

1,128,817

1,244,117

Total equity

58,119,515

57,948,492

57,754,008

Total liabilities and equity

$                                         101,011,872

$                                        98,133,451

$                                         98,724,256

Three Months Ended

Six Months Ended

June 30,

June 30,

in thousands, except per share amounts

2026

2025

2026

2025

Revenues:

Rental

$                          2,177,074

$                        2,025,332

$                         4,302,158

$                         4,012,597

Strategic capital

241,619

147,162

402,431

288,301

Development management and other

6,759

11,375

18,586

22,636

Total revenues

2,425,452

2,183,869

4,723,175

4,323,534

Expenses:

Rental

530,861

487,963

1,051,144

976,280

Strategic capital

95,590

64,917

177,479

125,694

General and administrative

129,626

106,871

256,516

221,572

Depreciation and amortization

689,518

657,221

1,421,024

1,309,279

Other

20,166

11,706

30,289

21,355

Total expenses

1,465,761

1,328,678

2,936,452

2,654,180

Operating income before gains on real estate transactions, net

$                            959,691

$                           855,191

$                        1,786,723

$                         1,669,354

Gains on dispositions of development properties and land, net

79,196

10,477

372,179

37,928

Gains on other dispositions of investments in real estate, net

212,449

47,044

303,489

83,843

Operating income

$                         1,251,336

$                           912,712

$                        2,462,391

$                         1,791,125

Other income (expense):

Earnings from unconsolidated entities, net

147,470

107,692

240,766

175,591

Interest expense

(276,311)

(251,866)

(530,597)

(483,617)

Foreign currency, derivative and other gains (losses) and other income (expense), net

109,663

(122,829)

154,274

(154,487)

Gains (losses) on early extinguishment of debt, net

(31)

—

(1,921)

—

Total other income (expense)

(19,209)

(267,003)

(137,478)

(462,513)

Earnings before income taxes

1,232,127

645,709

2,324,913

1,328,612

Current income tax benefit (expense)

(89,319)

(27,723)

(137,100)

(64,424)

Deferred income tax benefit (expense)

(18,854)

4,318

(19,044)

(2,364)

Consolidated net earnings

1,123,954

622,304

2,168,769

1,261,824

Net earnings attributable to noncontrolling interests

(39,062)

(37,139)

(79,040)

(68,715)

Net earnings attributable to noncontrolling interests - limited partnership units

(22,701)

(13,936)

(45,562)

(28,927)

Net earnings attributable to controlling interests

1,062,191

571,229

2,044,167

1,164,182

Preferred stock dividends

(1,347)

(1,505)

(2,847)

(2,957)

Net earnings attributable to common stockholders

$                         1,060,844

$                           569,724

$                         2,041,320

$                         1,161,225

Weighted average common shares outstanding - Diluted

957,884

955,882

957,654

955,601

Net earnings per share attributable to common stockholders - Diluted

$                                   1.13

$                                 0.61

$                                  2.18

$                                  1.25

Three Months Ended

Six Months Ended

June 30,

June 30,

in thousands

2026

2025

2026

2025

Net earnings attributable to common stockholders

$                         1,060,844

$                             569,724

$                        2,041,320

$                         1,161,225

Add (deduct) NAREIT defined adjustments:

Real estate related depreciation and amortization

663,658

638,199

1,369,208

1,270,885

Gains on other dispositions of investments in real estate, net of taxes (excluding development properties and land)

(210,975)

(46,964)

(302,015)

(82,771)

Adjustments related to noncontrolling interests

(13,356)

(17,339)

(24,093)

(35,746)

Our proportionate share of adjustments related to unconsolidated entities

132,185

133,734

283,340

284,358

NAREIT defined FFO attributable to common stockholders/unitholders*

$                         1,632,356

$                          1,277,354

$                        3,367,760

$                         2,597,951

Add (deduct) our modified adjustments:

Unrealized foreign currency, derivative and other losses (gains), net

(5,370)

137,817

(19,639)

192,715

Deferred income tax expense (benefit)

18,854

(4,318)

19,044

2,364

Adjustments related to noncontrolling interests

(215)

—

497

—

Our proportionate share of adjustments related to unconsolidated entities

(5,437)

(3,136)

(6,162)

(1,765)

FFO, as modified by Prologis attributable to common stockholders/unitholders*

$                         1,640,188

$                          1,407,717

$                        3,361,500

$                         2,791,265

Add (deduct) Core FFO defined adjustments:

Gains on dispositions of development properties and land, net

(79,196)

(10,477)

(372,179)

(37,928)

Current income tax expense (benefit) on dispositions

6,758

659

8,060

803

Losses (gains) on early extinguishment of debt, net

31

—

1,921

—

Venture formation costs

6,049

—

6,049

—

Adjustments related to noncontrolling interests

—

2,748

271

2,821

Our proportionate share of adjustments related to unconsolidated entities

(14,703)

(4,665)

(6,002)

(4,948)

Core FFO attributable to common stockholders/unitholders*

$                         1,559,127

$                          1,395,982

$                        2,999,620

$                         2,752,013

Add (deduct) AFFO defined adjustments:

Gains on dispositions of development properties and land, net

79,196

10,477

372,179

37,928

Current income tax benefit (expense) on dispositions

(6,758)

(659)

(8,060)

(803)

Straight-lined rents and amortization of lease intangibles

(161,152)

(187,801)

(326,901)

(368,162)

Property improvements

(71,218)

(68,772)

(97,283)

(103,139)

Turnover costs

(133,959)

(152,242)

(257,775)

(275,365)

Amortization of debt discount, financing costs and management contracts, net

21,986

22,209

43,386

43,321

Stock compensation amortization expense

55,148

43,984

115,780

97,145

Adjustments related to noncontrolling interests

20,001

18,594

39,629

32,576

Our proportionate share of adjustments related to unconsolidated entities

(39,404)

(45,863)

(85,715)

(95,682)

AFFO attributable to common stockholders/unitholders*

$                         1,322,967

$                          1,035,909

$                        2,794,860

$                         2,119,832

*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation.

Three Months Ended

Six Months Ended

June 30,

June 30,

in thousands

2026

2025

2026

2025

Net earnings attributable to common stockholders

$                          1,060,844

$                            569,724

$                         2,041,320

$                         1,161,225

Gains on other dispositions of investments in real estate, net (excluding development properties and land)

(212,449)

(47,044)

(303,489)

(83,843)

Depreciation and amortization expense

689,518

657,221

1,421,024

1,309,279

Interest charges

255,798

235,858

493,706

451,508

Current and deferred income tax expense, net

108,173

23,405

156,144

66,788

Net earnings attributable to noncontrolling interests - limited partnership units

22,701

13,936

45,562

28,927

NOI adjustments for real estate transactions

4,926

2,481

14,190

10,310

Preferred stock dividends

1,347

1,505

2,847

2,957

Unrealized foreign currency, derivative and other losses (gains), net

(5,370)

137,817

(19,639)

192,715

Stock compensation amortization expense

55,148

43,984

115,780

97,145

Losses (gains) on early extinguishment of debt, net

31

—

1,921

—

Venture formation costs

6,049

—

6,049

—

Adjustments related to noncontrolling interests

(36,884)

(31,819)

(70,428)

(65,669)

Our proportionate share of adjustments related to unconsolidated entities

192,790

182,264

415,669

389,426

Adjusted EBITDA attributable to common stockholders/unitholders*

$                          2,142,622

$                         1,789,332

$                         4,320,656

$                         3,560,768

*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation.

Adjusted EBITDA. We use Adjusted EBITDA attributable to common stockholders/unitholders ("Adjusted EBITDA"), a non-GAAP financial measure, as a measure of our operating performance. The most directly comparable GAAP measure is net earnings.

We believe Adjusted EBITDA provides relevant and useful information by offering insight into our operating performance before the effects of financing decisions, income taxes, and certain non-cash or non-recurring charges.

We calculate Adjusted EBITDA by beginning with consolidated net earnings attributable to common stockholders and removing the effect of:

gains or losses from the disposition of investments in real estate (excluding development properties and land); depreciation and amortization expense; impairment charges; interest charges; current and deferred income taxes; preferred stock dividends; unrealized gains or losses on foreign currency and derivatives; stock compensation amortization expense; gains from the revaluation of equity investments upon acquisition of a controlling interest; gains or losses on early extinguishment of debt and derivative contracts (including cash charges); and third-party costs associated with the successful formation of new ventures. We also include an adjustment to reflect a full period of NOI on the operating properties we acquire or stabilize during the quarter and to remove NOI on properties we dispose of during the quarter, assuming all transactions occurred at the beginning of the quarter. For properties we contribute, we make an adjustment to reflect NOI at the new ownership percentage for the full quarter.

We calculate Adjusted EBITDA based on our proportionate ownership share of both our unconsolidated entities and consolidated ventures. We reflect our share of Adjusted EBITDA measures for unconsolidated entities by applying our average ownership percentage for the period to the applicable adjusting items on an entity-by-entity basis. We reflect our share for consolidated ventures in which we do not own 100% of the equity by removing the noncontrolling interests share of the applicable adjustments based on our average ownership percentage for the applicable periods.

While we believe Adjusted EBITDA is an important supplemental measure, it should not be used alone as it excludes significant components of net earnings computed under GAAP and is therefore limited as an analytical tool. We do not use Adjusted EBITDA as an alternative measure to net earnings computed under GAAP or as an alternative to cash from operating activities computed under GAAP or as an indicator of our ability to fund our cash needs. Our computation of Adjusted EBITDA may not be comparable to EBITDA reported by other companies in both the real estate industry and other industries. We compensate for the limitations of Adjusted EBITDA by providing investors with financial statements prepared according to GAAP, along with this detailed discussion of Adjusted EBITDA and a reconciliation to Adjusted EBITDA from consolidated net earnings attributable to common stockholders.

Business Line Reporting is a non-GAAP financial measure. Core FFO and development gains are generated by our three lines of business: (i) real estate operations; (ii) strategic capital; and (iii) development. The real estate operations line of business represents total Prologis Core FFO, less the amount allocated to the strategic capital line of business. The amount of Core FFO allocated to the strategic capital line of business represents the third-party share of asset management fees and transactional fees that we earn from our consolidated and unconsolidated co-investment ventures less costs directly associated with our strategic capital group and Net Promote Income (Expense). Realized development gains include our share of gains on dispositions of development properties and land, net of taxes. To calculate the per share amount, the amount generated by each line of business is divided by the weighted average diluted common shares outstanding used in our Core FFO per share calculation. Management believes evaluating our results by line of business is a useful supplemental measure of our operating performance because it helps the investing public compare the operating performance of Prologis' respective businesses to other companies' comparable businesses. Prologis' computation of FFO by line of business may not be comparable to that reported by other real estate companies as they may use different methodologies in computing such measures.

Calculation of Per Share Amounts

Three Months Ended

Six Months Ended

Jun. 30,

Jun. 30,

in thousands, except per share amount

2026

2025

2026

2025

Net earnings

Net earnings attributable to common stockholders

$     1,060,844

$        569,724

$      2,041,320

$      1,161,225

Noncontrolling interest attributable to exchangeable limited partnership units

22,831

13,936

45,858

28,927

Adjusted net earnings attributable to common stockholders - Diluted

$     1,083,675

$       583,660

$      2,087,178

$      1,190,152

Weighted average common shares outstanding - Basic

933,092

928,476

932,175

927,909

Incremental weighted average effect on exchange of limited partnership units      

20,160

22,731

21,061

23,115

Incremental weighted average effect of equity awards

4,632

4,675

4,418

4,577

Weighted average common shares outstanding - Diluted

957,884

955,882

957,654

955,601

Net earnings per share - Basic

$          1.14

$           0.61

$           2.19

$           1.25

Net earnings per share - Diluted

$          1.13

$           0.61

$           2.18

$           1.25

Three Months Ended

Six Months Ended

Jun. 30,

Jun. 30,

in thousands, except per share amount

2026

2025

2026

2025

Core FFO

Core FFO attributable to common stockholders/unitholders

$      1,559,127

$      1,395,982

$      2,999,620

$      2,752,013

Noncontrolling interest attributable to exchangeable limited partnership units

221

258

453

552

Core FFO attributable to common stockholders/ unitholders - Diluted

$     1,559,348

$      1,396,240

$      3,000,073

$      2,752,565

Less: Net Promote Income (Expense)

26,229

(13,437)

13,847

(24,330)

Core FFO attributable to common stockholders/ unitholders, excluding Net
Promote Income (Expense) - Diluted

$     1,533,119

$      1,409,677

$      2,986,226

$      2,776,895

Weighted average common shares outstanding - Basic

933,092

928,476

932,175

927,909

Incremental weighted average effect on exchange of limited partnership units

20,160

22,990

21,061

23,383

Incremental weighted average effect of equity awards

4,632

4,675

4,418

4,577

Weighted average common shares outstanding - Diluted

957,884

956,141

957,654

955,869

Core FFO per share - Diluted

$          1.63

$           1.46

$           3.13

$           2.88

Core FFO per share, excluding Net Promote Income (Expense) - Diluted            

$          1.60

$           1.47

$           3.12

$           2.91

Development Portfolio includes industrial and non-industrial properties, data centers, yards and parking lots that are under development and properties that are developed but have not met Stabilization. At June 30, 2026, total TEI for yards, parking lots, data centers and non-industrial assets was $2.9 billion on an Owned and Managed and $2.8 billion on a Prologis Share basis. We do not disclose square footage for yards and parking lots.

Estimated Value Creation represents the value that we expect to create through our development and leasing activities. We calculate Estimated Value Creation by estimating the Stabilized NOI that the property will generate and applying a stabilized capitalization rate applicable to that property. Estimated Value Creation is calculated as the amount by which the value exceeds our TEI, including closing costs and taxes, if any, and does not include any fees or promotes we may earn. 

Estimated Weighted Average Margin is calculated on development properties as Estimated Value Creation, less estimated closing costs and taxes, if any, on properties expected to be sold or contributed, divided by TEI.

Estimated Weighted Average Stabilized Yield is calculated on the properties in the Development Portfolio as Stabilized NOI divided by TEI. The yields on a Prologis Share basis were as follows:

          Pre-Stabilized 
Developments

          2026 Expected Completion

          2027 and Thereafter Expected
Completion

          Total Development Portfolio

U.S.

5.7 %

6.6 %

8.2 %

7.6 %

Other Americas

— %

7.6 %

7.5 %

7.6 %

Europe

5.3 %

5.3 %

5.9 %

5.4 %

Asia

5.7 %

6.2 %

4.9 %

5.2 %

Total

5.6 %

6.1 %

7.7 %

7.0 %

FFO, as modified by Prologis attributable to common stockholders/unitholders ("FFO, as modified by Prologis"); Core FFO attributable to common stockholders/unitholders ("Core FFO"); AFFO attributable to common stockholders/unitholders ("AFFO"); (collectively referred to as "FFO"). FFO is a non-GAAP financial measure that is commonly used in the real estate industry, with net earnings as the most directly comparable GAAP measure.

The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as earnings computed under GAAP to exclude depreciation and gains and losses from sales net of any related tax, along with impairment charges, of previously depreciated properties. We exclude the gains on revaluation of equity investments upon acquisition of a controlling interest and the gain recognized from a partial sale of our investment, as these are similar to gains from the sales of previously depreciated properties. This measure excludes similar adjustments from our unconsolidated entities and the third parties' share of our consolidated ventures.

Our FFO Measures

Our FFO measures begin with NARElT's definition, with certain adjustments to calculate FFO, as modified by Prologis, and Core FFO, both as defined below, to reflect our business and execution of our management strategy. While these adjustments are subject to significant fluctuations from period to period, with both positive and negative short-term impacts, the removal of the effects of these items enhances our understanding of the core operating performance of our properties over the long term.

We use FFO, as modified by Prologis, so that management, analysts and investors are able to evaluate our performance against other REITs that do not have similar operations or operations in jurisdictions outside the U.S. We use both Core FFO and AFFO to (i) assess our operating performance as compared to other real estate companies; (ii) evaluate our performance and the performance of our properties in comparison with expected results and results of previous periods; (iii) evaluate the performance of our management; (iv) budget and forecast future results to assist in the allocation of resources; (v) provide guidance to the financial markets to understand our expected operating performance; and (vi)  evaluate how a specific potential investment will impact our future results.

We calculate our FFO measures based on our proportionate ownership share of both our unconsolidated entities and consolidated ventures. We reflect our share of our FFO measures for unconsolidated entities by applying our average ownership percentage for the period to the applicable adjustments on an entity-by-entity basis. We reflect our share for consolidated ventures in which we do not own 100% of the equity by removing the noncontrolling interests share of the applicable adjustments based on our average ownership percentage for the applicable periods.

FFO, as modified by Prologis

To arrive at FFO, as modified by Prologis, we adjust the NAREIT defined FFO measure to exclude:

deferred income tax benefits and deferred income tax expenses recognized by our subsidiaries; current income tax expense related to acquired tax liabilities that were recorded as deferred tax liabilities in an acquisition, to the extent the expense is offset with a deferred income tax benefit  in earnings that is excluded from our defined FFO measure; and foreign currency exchange gains and losses resulting from (a) debt transactions between us and our foreign entities; (b) third-party debt that is used to hedge our investment in foreign entities; (c) derivative financial instruments related to any such debt transactions; and (d) mark-to-market adjustments associated with derivative and other financial instruments. Core FFO

To arrive at Core FFO, we adjust FFO, as modified by Prologis, to exclude the following:

gains or losses from the disposition of land and development properties that were developed with the intent to contribute or sell; income tax expense related to the sale of investments in real estate; impairment charges recognized related to our investments in real estate generally as a result of our change in intent to contribute or sell these properties; gains or losses from the early extinguishment of debt and redemption and repurchase of preferred stock; and third-party costs associated with the successful formation of new ventures. AFFO

To arrive at AFFO, we adjust Core FFO to include realized gains from the disposition of land and development properties, net of current tax expense, turnover costs and property improvements and exclude the following items that we recognize directly in Core FFO:

straight-line rents; amortization of above- and below-market lease intangibles; amortization of management contracts; amortization of debt premiums and discounts and financing costs, net of amounts capitalized; and stock compensation amortization expense. Limitations on the use of our FFO measures

While we believe our modified FFO measures are important supplemental measures, neither NAREIT's measures or our measures of FFO should be used alone because they exclude significant components of net earnings computed under GAAP and are, therefore, limited as an analytical tool. Some of these limitations arise from excluding income tax expense that may be payable or depreciation and amortization expenses that reflect costs necessary to maintain operating performance. In addition, our FFO measure does not reflect changes in asset values resulting from fluctuations in market conditions or foreign currency exchange rates nor costs or benefits from settlement of deferred income taxes or the extinguishment of debt. We do not use NAREIT's measures or our measures of FFO as alternatives to net earnings computed under GAAP or as alternatives to cash from operating activities computed under GAAP or as indicators of our ability to fund our cash needs.

We compensate for the limitations by using our FFO measures only in conjunction with net earnings computed under GAAP when making our decisions. This information should be read with our complete Consolidated Financial Statements prepared under GAAP. To assist investors in compensating for these limitations, we reconcile our modified FFO measures from consolidated net earnings attributable to common stockholders.

Guidance. The following is a reconciliation of our annual guided Net Earnings per share to our guided Core FFO per share:

Low

High

Net earnings attributable to common stockholders (a)

$ 4.40

$  4.55

Our share of:

Depreciation and amortization

3.26

3.29

Net gains on real estate transactions, net of taxes

(1.45)

(1.55)

Unrealized foreign currency losses (gains), losses (gains) on early

   extinguishment of debt and other, net

0.01

0.01

Core FFO attributable to common stockholders/unitholders

$ 6.22

$  6.30

Less: Net Promote Income (Expense)

—

—

Core FFO attributable to common stockholders/unitholders, excluding Net Promote      
Income (Expense)

$ 6.22

$  6.30

‌     

(a)

Earnings guidance includes potential future gains recognized from real estate transactions, but excludes future foreign currency or derivative gains or
losses as these items are difficult to predict.

Market Capitalization equals Market Equity, less liquidation preference of the preferred shares/units, plus our share of total debt.

Net Promote Income (Expense) is promote revenue earned from third-party investors during the period, net of related cash and stock compensation expenses, and taxes and foreign currency derivative gains and losses, if applicable.

Operating Portfolio represents industrial properties in our Owned and Managed portfolio that have reached Stabilization. Assets held for sale, Non-Strategic Assets and non-industrial assets are excluded from the portfolio. NOI of our Operating Portfolio excludes net termination fees and adjustments. Prologis Share of NOI includes NOI for the properties contributed to or acquired from co-investment ventures at our actual share prior to and subsequent to change in ownership. The U.S. markets not presented consist of Austin, Charlotte, Columbus, Denver, Louisville, Portland, Raleigh-Durham, Reno, San Antonio, Savannah and Tampa. The European countries not presented consist of Belgium, Czech Republic, Hungary, Italy, Poland, Slovakia, Spain and Sweden.

Owned and Managed represents the consolidated properties as well as properties owned by our unconsolidated co-investment ventures, which we manage.

Prologis Share represents our proportionate economic ownership of each entity, or property included in our total Owned and Managed portfolio, whether consolidated or unconsolidated.

Rent Change (Cash) represents the percentage change in starting rental rates per the lease agreement, on new and renewed leases, commenced during the period compared with the previous ending rental rates in that same space. This measure excludes any short-term leases of less than one-year, holdover payments, free rent periods and introductory (teaser rates) defined as 50% or less of the stabilized rate.

Rent Change (Net Effective) represents the percentage change in net effective rental rates (average rate over the lease term), on new and renewed leases, commenced during the period compared with the previous net effective rental rates for the same respective spaces. This measure excludes any short-term leases of less than one year and holdover payments.

Retention is the square footage of all leases commenced during the period that are rented by existing tenants divided by the square footage of all expiring leases during the reporting period. The square footage of tenants that default or buy-out prior to expiration of their lease and short-term leases of less than one year, are not included in the calculation.

Same Store. Our same store metrics are non-GAAP financial measures, which are commonly used in the real estate industry and expected from the financial community, on both a net effective and cash basis. We evaluate the performance of the operating properties we own and manage using a "same store" analysis because the population of properties in this analysis is consistent from period to period, which allows us and investors to analyze our ongoing business operations. We determine our same store metrics on property NOI, which is calculated as rental revenue less rental expense for the applicable properties in the same store population for both consolidated and unconsolidated properties based on our ownership interest, as further defined below.

We define our same store population for the three months ended June 30, 2026 as the properties in our Owned and Managed Operating Portfolio, including the property NOI for both consolidated properties and properties owned by the unconsolidated co-investment ventures at January 1, 2025 and owned throughout the same three-month period in both 2025 and 2026.

We believe the drivers of property NOI for the consolidated portfolio are generally the same for the properties owned by the ventures in which we invest and therefore we evaluate the same store metrics of the Owned and Managed portfolio based on Prologis' ownership in the properties ("Prologis Share").

The same store population excludes properties held for sale to third parties, along with development properties that were not stabilized at the beginning of the period (January 1, 2025) and properties acquired or disposed of to third parties during the periods. To derive an appropriate measure of period- to-period operating performance, we remove the effects of foreign currency exchange rate movements by using the reported period-end exchange rate to translate from local currency into the U.S dollar, for both periods.

As non-GAAP financial measures, the same store metrics have certain limitations as an analytical tool and may vary among real estate companies. As a result, we provide a reconciliation of Rental Revenues less Rental Expenses ("Property NOI") (from our Consolidated Financial Statements prepared in accordance with U.S GAAP) to our Same Store Property NOI measures, as follows:

Three Months Ended

Jun. 30,

dollars in thousands

2026

2025

Change (%)

Reconciliation of Consolidated Property NOI to Same Store Property NOI measures:     

Rental revenues

$   2,177,074

$   2,025,332

Rental expenses

(530,861)

(487,963)

Consolidated Property NOI

$  1,646,213

$  1,537,369

Adjustments to derive same store results:

Property NOI from consolidated properties not included in same
     store portfolio and other adjustments (a)

(179,260)

(158,079)

Property NOI from unconsolidated co-investment ventures
     included in same store portfolio (a)(b)

1,000,076

939,990

Third parties' share of Property NOI from properties included in
     same store portfolio (a)(b)

(777,776)

(731,166)

Prologis Share of Same Store Property NOI - Net Effective (b)

$  1,689,253

$  1,588,114

6.4 %

Consolidated properties straight-line rent and fair value lease
     amortization included in the same store portfolio (c)

(128,107)

(144,879)

Unconsolidated co-investment ventures straight-line rent and fair
     value lease amortization included in the same store portfolio (c)

(34,940)

(37,338)

Third parties' share of straight-line rent and fair value lease
      amortization included in the same store portfolio (b)(c)

29,086

28,117

Prologis Share of Same Store Property NOI - Cash (b)(c)

$  1,555,292

$  1,434,014

8.5 %

‌     

(a)

We exclude properties held for sale to third parties, along with development properties that were not stabilized at the beginning of the periods and properties acquired or disposed of to third parties during the periods. We also exclude one-time items due to early lease terminations, including termination fees received from customers and the write-off of related lease assets and liabilities, that are not indicative of the property's recurring operating performance in order to evaluate the growth or decline in each property's rental revenues. Same Store Property NOI is adjusted to include an allocation of property management expenses for our consolidated properties based on the property management services provided to each property (generally, based on a percentage of revenues). On consolidation, these amounts are eliminated and the actual costs of providing property management and leasing services are recognized as part of our consolidated rental expense.

(b)

We include the Property NOI for the same store portfolio for both consolidated properties and properties owned by the co-investment ventures based on our investment in the underlying properties. In order to calculate our share of Same Store Property NOI from the co-investment ventures in which we own less than 100%, we use the co-investment ventures' underlying Property NOI for the same store portfolio and apply our ownership percentage at June 30, 2026 to the Property NOI for both periods, including the properties contributed during the periods. We adjust the total Property NOI from the same store portfolio of the co-investment ventures by subtracting the third parties' share of both consolidated and unconsolidated co-investment ventures. During the periods presented, certain wholly owned properties were contributed to a co-investment venture and are included in the same store portfolio. Neither our consolidated results nor those of the co-investment ventures, when viewed individually, would be comparable on a same store basis because of the changes in composition of the respective portfolios from period to period (e.g. the results of a contributed property are included in our consolidated results through the contribution date and in the results of the venture subsequent to the contribution date based on our ownership interest at the end of the period). As a result, only line items labeled "Prologis Share of Same Store Property NOI" are comparable period over period.

(c)

We further remove certain noncash items (straight-line rent and fair value lease amortization) included in the financial statements prepared in accordance with U.S. GAAP to reflect a Same Store Property NOI - Cash measure.
We manage our business and compensate our executives based on the same store results of our Owned and Managed portfolio at 100% as we manage our portfolio on an ownership blind basis. We calculate those results by including 100% of the properties included in our same store portfolio.

Stabilization is defined as the earlier of when a property that was developed has been completed for one year, is contributed to a co-investment venture following completion or is 90% occupied. Upon Stabilization, a property is moved into our Operating Portfolio.

Total Expected Investment ("TEI") represents total estimated cost of development or expansion, including land, development and leasing costs. TEI is based on current projections and is subject to change.

Weighted Average Interest Rate is based on the effective rate, which includes the amortization of related premiums and discounts and finance costs.

Weighted Average Stabilized Capitalization ("Cap") Rate is calculated as Stabilized NOI divided by the Acquisition Price.

SOURCE Prologis, Inc.

, /PRNewswire/ -- National shareholder rights firm Hagens Berman alerts investors in Roblox Corporation (NYSE: RBLX) that the alleged class period in the ongoing securities class action litigation has been expanded. A new lawsuit now covers investors who purchased or otherwise acquired Roblox common stock between October 31, 2024 through April 30, 2026, inclusive.

National shareholder rights firm Hagens Berman is investigating the legal claims that Roblox and its co-defendants violated the federal securities laws. The firm encourages Roblox investors who suffered substantial losses to submit your losses now.

Class Period: Oct. 31, 2024 – Apr. 30, 2026
Lead Plaintiff Deadline: Aug. 7, 2026
Visit: www.hbsslaw.com/investor-fraud/rblx
Contact the Firm Now: [email protected]
                                         844-916-0895

Roblox Corporation (RBLX) Securities Class Action:

The primary focus of the litigation is on the propriety of Roblox's disclosures about its commitment toward protecting the safety of young users of its platform and the recent the impact on its business and prospects of the age-check verification rollout aimed at increasing safety within certain social features on its platform. The rollout began in November 2025.

During the Class Period, Roblox and its senior management have assured investors that "safety would be paramount[,]" "building safety into our products has been a huge effort[,]" and "[o]ur approach to safety includes multiple proactive measures as well as parental controls[.]" They have also emphasized that "b]ecause our Platform includes children aged 5 and over, our safety and civility policies are purpose-built to be strict."

Investors slowly learned the truth through a series of disclosures beginning on October 30, 2025. That day, the Company revealed that it would be instituting enhanced age verification technology globally beginning in January 2026. On this news, the price of the Company's common stock declined 16% from $133.74 per share to $113.00 per share, wiping out $13 billion in market value.

Then, on April 30, 2026, Roblox revealed a steep deceleration in year-over-year and sequential DAU growth, slashed its 2026 revenue guidance (reflecting ongoing shrinkage in DAU growth), and severely cut its 2026 bookings growth midpoint from 24% to just 10%, investors glimpsed what was really going on.

Roblox said just 51% of its global DAUs age checked and also said that "as a result of age check […] we have seen a reduction in app store ratings, and we believe this may be contributing to a reduction in organic sign-ups that typically flow from app stores." Roblox also said its lowered prospects are the result of "continued friction" resulting from the age-check rollout.

"We're focused on when Roblox and its management knew of the adverse consequences of the age-check rollout and whether they intentionally misled investors it," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

If you invested in Roblox and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now.

If you'd like more information and answers to other frequently asked questions about the Roblox case and the firm's investigation, read more.

Whistleblowers: Persons with non-public information regarding Roblox should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

SOURCE Hagens Berman Sobol Shapiro LLP

New solution integrates exclusive datasets and analytics to deliver insights across 15,000+ global ETFs

, /PRNewswire/ -- S&P Global Market Intelligence has launched ETF Intelligence, a new analytics service that combines proprietary data and market insights to deliver a deeper understanding of the global ETF universe, including sectors, flows, investment themes, growth patterns and broader market dynamics.

U.S. options-based ETF assets surged from less than $5 billion in 2019 to $245 billion in 2025, according to analysis from S&P Global Market Intelligence. As investor demand continues to drive innovation across the ETF ecosystem, market participants require greater transparency into portfolio exposures, liquidity, valuation and risk. 

ETF Intelligence addresses this need through comprehensive coverage of the global ETF universe, delivering more than 150 daily metrics across flows, performance, liquidity, volatility, benchmark comparisons and portfolio composition analytics. The new offering is part of S&P Global Market Intelligence's broader portfolio of cross-platform, multi-asset-class data and managed services solutions, reflecting the organization's focus on bringing together related capabilities within specific asset classes to better support customer workflows.

"As the ecosystem scales in both size and complexity, the ability to understand underlying exposures, liquidity and risk with greater precision is paramount," said Paul Wilson, Head of Data, Pricing, Valuations & Analytics at S&P Global Market Intelligence. "Our aim in developing ETF Intelligence is to help clients better understand the forces shaping ETFs and to support more informed decision-making in a rapidly evolving market."

Key features of ETF Intelligence include:

Proprietary data and analytics integration: Combines ETF analytics with proprietary S&P Global datasets to generate multi-dimensional insights and support custom signal development across asset classes Industry and trend intelligence: Supports sector and thematic analysis, including flows, growth patterns and broader market dynamics Comprehensive, timely data foundation: Contains over a decade of historical data alongside daily refreshed analytics to support both trend analysis and real-time decision-making Global coverage with flexible application: Covers more than 15,000 ETFs across major markets and supports workflows spanning research, quantitative modeling, risk management and product development ETF Intelligence is designed to support a broad range of market participants, including index providers, ETF issuers, hedge funds, asset managers, investment banks, quantitative traders and research professionals.

For more information about ETF Intelligence, click here.

ETF Intelligence is solely a product of S&P Global Market Intelligence. It is not a product of, or a collaboration with, S&P Dow Jones Indices.

Media Contact:

Hannah Brook
S&P Global Market Intelligence
+44 (0)7483 439812
[email protected]

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global enables businesses, governments, and individuals with trusted data, expertise, and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive in a rapidly changing global landscape. Learn more at www.spglobal.com/marketintelligence

SOURCE S&P Global Market Intelligence

Global capital markets are undergoing a silent but profound rewiring. Japan's historic decision to dismantle the Payment Services Act in favor of the Financial Instruments and Exchange Act completely reclassifies digital currencies. Moving from basic settlement mechanisms to heavily regulated financial assets fundamentally alters how institutional balance sheets interact with the space. For years, compliance officers at tier-one funds viewed digital assets as untouchable utility tokens. Under the new legal framework, these assets are elevated to the same regulatory standing as traditional equities and sovereign bonds.

This legislative overhaul imposes traditional securities standards, mandates robust disclosures, and engineers a strict market surveillance framework. It targets a sharp compression in maximum capital gains taxes from an oppressive 55% to a flat 20% by 2028. Investors are watching as the foundation of a new structural paradigm takes shape: the world's fourth-largest economy formally integrating digital scarcity into its core financial system.

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The Ripple Effect: Bypassing Compliance FrictionsWhen a major global economy effectively legalizes an emerging asset class for its domestic institutions, it creates a structural demand shock against a mathematically capped supply base. International market participants now face a brief, asymmetric window to front-run a widespread reallocation of Japanese sovereign and pension capital.

Because direct exposure to offshore spot markets carries excessive compliance friction for many Western funds, smart money is aggressively accumulating high-beta proxy equities to capture the impending liquidity wave. Asset managers are recognizing that the easiest way to gain exposure to this macroeconomic shift is to buy the companies building the infrastructure or holding the underlying assets on their balance sheets.

Deep Waters: Unleashing Japan's Pension Fund GiantUnderstanding the mechanics of institutional adoption requires looking past retail sentiment and focusing entirely on fiduciary mandates. Traditional sovereign wealth funds and corporate pensions operate under strict regulatory frameworks that prohibit exposure to unregulated assets. By folding digital assets into a compliant legal architecture, Japan has engineered a secure gateway for domestic institutional deployment.

Macroeconomic directives are accelerating this shift. Finance Minister Satsuki Katayama recently urged the $1.81 trillion Government Pension Investment Fund to pivot heavily toward domestic financial assets. While the Government Pension Investment Fund has not yet confirmed a digital asset mandate, localized adoption is already clearing the path.

The Okayama-based Nationwide Business Corporate Pension Fund, representing 1,200 small and medium enterprises, officially authorized a 1% allocation of its 21.3 billion yen portfolio to a multi-crypto fund for the fiscal year 2026. This consortium utilizes a passive, multi-asset hedge fund vehicle to mitigate direct custody risk. This execution model establishes a broader structural pipeline that Japanese institutions are likely to use following the reform, directly benefiting regulated exchange operators and institutional custodians globally.

Channeling the Flow: Liquidity Multipliers and ETF BottlenecksAs Asian capital prepares to migrate, Western asset managers are positioning themselves to capitalize on the structural bottlenecks in the digital asset ecosystem. Direct custodians and heavily capitalized proxy vehicles offer immediate, regulated exposure to the underlying asset class without the friction of holding physical private keys.

Strategy NASDAQ: MSTR remains a primary vehicle for this approach, currently trading near $98. Strategy recently executed a calculated sale of 3,588 Bitcoin to fund its dividend policy, resulting in an $8.32 billion accounting loss on its digital asset holdings.

Under current accounting rules, digital assets are often treated as indefinite-lived intangible assets, meaning companies must record impairment charges when the price drops, but they cannot mark up the value when the price recovers unless they sell. While this accounting nuance triggered a localized 4.5% equity dip, the maneuver demonstrates operational liquidity flexibility against rising debt costs and yield obligations. The corporate treasury model is maturing beyond simple accumulation, demonstrating that Strategy can actively manage reserves to meet structural yield requirements.

Tier-one asset managers recognize this fundamental evolution. First-quarter 13F filings for 2026 reveal aggressive institutional accumulation of these high-beta proxy vehicles. Capital International Investors added 10.82 million shares of Strategy, while BlackRock increased its position by 3.14 million shares. This deliberate positioning points to a broader strategy of capturing the liquidity multipliers inherent in the proxy ecosystem.

Synthetic liquidity mechanisms are supercharging these capital flows. Leveraged exchange-traded funds require algorithmic delta hedging by authorized participants. When structural buyers acquire these leveraged funds, market makers must aggressively buy the underlying stock to remain market-neutral, effectively draining available spot supply and compounding the volatility profile of the corporate treasury strategy.

A Dangerous Undertow: Short Sellers Face Convexity RiskThe current macroeconomic landscape presents a highly unusual setup for these proxy equities. July 2026 data indicate a structural flush in global cryptocurrency leverage, with open interest contracting sharply across both perpetual and term futures. The broader derivatives market has been heavily de-risked, leaving spot demand to drive price discovery.

Despite this broad de-risking, short positioning across major exchanges indicates concentrated skepticism from specific institutional cohorts. Short interest in Coinbase Global NASDAQ: COIN currently stands at 11.32% of the public float, representing 24.86 million shares sold short with a 3.0 days-to-cover ratio.

This divergence creates a highly asymmetric setup. Coinbase Global, trading around $166, operates as the premier regulated prime broker and custodian for the types of institutional funds Japan is currently greenlighting.

Coinbase provides the essential clearing and settlement infrastructure required by traditional finance. Corporate governance metrics show deliberate, scheduled equity distributions, including a recent 10,000-share liquidation by a corporate director at $159.09, yet institutional options markets exhibit entirely different expectations. Call-to-put ratios across the ecosystem have expanded to 4:1 ahead of extended trading hour rollouts.

When a de-risked derivatives market collides with elevated, localized short interest and an incoming sovereign-level demand shock, it generates severe convexity risk for bearish participants. Any unannounced offshore pension accumulation or sovereign allocation disclosure could trigger immediate margin calls, forcing short sellers to buy back into a market where spot supply is already being restricted by leveraged structural products.

The Carry Trade Unwind: Strategic PositioningWhile the structural integration of digital assets into Japan's primary financial pipelines validates a sustained demand floor, the transition carries notable macroeconomic friction. Sovereign directives pushing domestic Japanese funds to liquidate foreign holdings and reinvest locally threaten to unwind the yen carry trade. This dynamic could trigger broad liquidity contractions across global risk assets, creating near-term volatility for high-beta equities.

Investors navigating this structural shift might consider adding regulated proxy equities to their watchlists as the Japanese regulatory framework matures. The regulatory friction that previously kept trillions of dollars sidelined is systematically dissolving.

As the world's fourth-largest economy provides a compliant blueprint for sovereign accumulation, the window to capture the subsequent supply shock narrows. Market participants positioned near the structural bottlenecks of this capital flow appear well-positioned to ride out the shifting macroeconomic tide.

Should You Invest $1,000 in Coinbase Global Right Now?Before you consider Coinbase Global, you'll want to hear this.

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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its second-quarter 2026 financial results today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm's financial results, outlook and related matters will be held at 11:00 a.m. ET today, Thursday, July 16, 2026. The call will be open to the public. The conference call will be a.

Key Takeaways State Street recently raised its dividend to 92 cents per share, payable Oct. 13, 2026.GS boosted its quarterly dividend to $5 per share as part of five highlighted dividend growers.UNM offers the highest dividend yield among the five stocks at 2.1% after its latest dividend increase. At first glance, the U.S. economy looks remarkably stronger in the beginning of second half of 2026 than many investors expected. Despite solid stock market gains and easing inflation, several risk factors, such as geopolitical tensions, oil supply disruptions, trade uncertainties, and shifting Federal Reserve policies, continue to challenge the U.S. economy. The labor market has shown resilience, although the pace of hiring has slowed noticeably.

The June nonfarm payrolls increased by just 57,000, while ADP reported 98,000 new private-sector jobs. Although unemployment dipped to 4.2%, labor force participation fell to 61.5%, its lowest level since 2021, pointing to underlying weakness. Hiring has also become uneven, with manufacturing, construction and leisure sectors lagging.

Inflation has certainly improved, but investors should not assume that the problem has disappeared. June's Consumer Price Index fell 0.4% from the previous month, while annual inflation eased to 3.5% largely due to lower oil prices after the Strait of Hormuz reopened. However, military tensions, which have resurfaced several times, could quickly reverse that progress. Trade uncertainty, a wider $77.6 billion trade deficit, weak housing activity, and high mortgage rates remain additional concerns.

Meanwhile, the market's heavy reliance on AI-driven stocks and uncertainty over future Federal Reserve policy could increase volatility. These challenges suggest investors should remain selective and prepared for a more volatile market despite the economy's overall resilience.

Amid such market conditions, cautious investors who wish to diversify their portfolios and pick dividend-paying stocks can keep a tab on some prominent names, such as State Street (STT - Free Report) , The Goldman Sachs Group (GS - Free Report) , Cummins (CMI - Free Report) , Ryder System (R - Free Report)  and Unum Group (UNM - Free Report) . Companies that pay out dividends consistently indicate a healthy business model. Stocks that have raised dividends recently exhibit a sound financial structure and can counter market upheavals. Moreover, stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying entities in a highly volatile market.

State StreetState Street provides a range of financial products and services for institutional investors worldwide through its subsidiaries. This Zacks Rank #2 (Buy) company is headquartered in Boston, MA. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

On July 14, STT declared that its shareholders would receive a dividend of 92 cents a share on Oct. 13, 2026. STT has a dividend yield of 1.8%.

Over the past five years, STT has increased its dividend six times, and its payout ratio presently sits at 30% of earnings. Check State Street's dividend history here.

Goldman SachsGoldman Sachs is headquartered in New York, NY. This Zacks Rank #2 is a leading global financial holding company providing IB, securities, investment management, and consumer banking services to a diversified client base.

On July 13, GS declared that its shareholders would receive a dividend of $5 a share on Sept. 29, 2026. GS has a dividend yield of 1.6%.

In the past five years, GS has increased its dividend seven times. Its payout ratio is currently 33% of earnings. Check Goldman Sachs’ dividend history here.

CumminsCummins is a leading global designer, manufacturer and distributor of diesel and natural gas engines and powertrain-related component products. This Columbus, IN-based company currently carries a Zacks Rank #2.

On July 12, CMI declared that its shareholders would receive a dividend of $2.20 a share on Sept. 3, 2026. CMI has a dividend yield of 1.2%.

Over the past five years, CMI has increased its dividend six times, and its payout ratio presently sits at 33% of earnings. Check Cummins’ dividend history here.

Ryder SystemRyder System is headquartered in Coral Gables, FL. This Zacks Rank #2 company is recognized as one of the world's largest providers of integrated logistics and transportation solutions.

On July 9, R declared that its shareholders would receive a dividend of $1.01 a share on Sept. 18, 2026. R has a dividend yield of 1.4%.

In the past five years, R has increased its dividend six times. Its payout ratio is currently 28% of earnings. Check Ryder System’s dividend history here.

Unum GroupUnum Group provides financial protection benefit solutions in the United States, the United Kingdom and Poland. This Chattanooga, TN-based company currently carries a Zacks Rank #3 (Hold).

On July 9, UNM announced that its shareholders would receive a dividend of 51 cents a share on Aug. 14, 2026. UNM has a dividend yield of 2.1%.

Over the past five years, UNM has increased its dividend six times. Its payout ratio now sits at 22% of earnings. Check Unum Group's dividend history here.

AUSTIN, Texas & BAD FRIEDRICHSHALL, Germany--(BUSINESS WIRE)--CrowdStrike (NASDAQ: CRWD) and Schwarz Digits today announced an expansion of their strategic partnership, launching a multi-year roadmap to bring the AI-native Falcon® platform to European enterprises on STACKIT, Schwarz Digits' sovereign cloud, and to extend access for customers across the region. As part of the expanded partnership, CrowdStrike has signed a definitive agreement to acquire the intellectual property of XM Cyber, a S.

Virtual-first, multidisciplinary care model delivers care for adults living with ataxias, connecting them to expert neurologist options nationwide.

, /PRNewswire/ -- Synapticure, a leading virtual care company dedicated to improving access and outcomes for patients and caregivers living with neurodegenerative diseases, today announced the launch of a virtual ataxia care program. This program can help to provide timely access to specialized care for adults living with ataxias — a group of neurological conditions characterized by progressive loss of coordination, balance, and motor function. Synapticure partnered with Biogen Inc. (Nasdaq: BIIB) to support disease education and awareness efforts of this resource, helping to address a critical gap in access to care for the ataxia community. Biogen is not involved in developing, administering, or responsible for the Synapticure healthcare services, clinical considerations, or patient care. Adults with ataxias can receive specialized neurological care from Synapticure's care team or be co-managed alongside their existing care team.

With this expansion, Synapticure adds to its comprehensive virtual platform for neurodegenerative care in the United States, now extending its reach to serve individuals living with ataxias across the country.

"For people living with ataxias and their families, accessing expert neurological care is often a years-long struggle," said Sandra Abrevaya, CEO and Co-Founder of Synapticure. "Synapticure was built to change that dynamic — to expand access to specialized neurological expertise directly to patients where they live, and to make personalized, proactive care the standard rather than the exception. We are proud to now open our doors to the ataxia community." 

Ataxias affect tens of thousands of people in the United States1. With a growing landscape of disease-modifying research, the need for informed, ataxia-knowledgeable care has never been greater. 

"Highly specialized ataxia care and expertise can be difficult to find locally, posing a significant challenge for individuals and families," said Kristen Fortino, Head of the U.S. Rare Disease Franchise at Biogen. "Our commitment to people living with rare neurological diseases, including the broader ataxia community, extends beyond treatment. We are dedicated to providing meaningful support every step of the care journey including supporting greater awareness of available care resources."

Synapticure's ataxia care program will be led by Dr. Elizabeth Ferluga, MD, Director of Movement Disorders at Synapticure, who brings deep clinical expertise in movement disorders and a longstanding commitment to rare neurological conditions. Dr. Ferluga and the Synapticure clinical team can provide patients with access to specialized evaluations, genetic counseling, and comprehensive longitudinal care — all delivered virtually by Synapticure's independent healthcare providers. 

"Patients with ataxias are a community that has been underserved by the traditional healthcare system for far too long," said Dr. Elizabeth Ferluga, MD, Director of Movement Disorders at Synapticure. "The Synapticure model is transformative for this population — we can meet patients where they are, perform a thorough evaluation, help them understand their diagnosis and what it means for them and their families, provide information about potential clinical trials, and be a consistent, knowledgeable partner in their care over time. I am incredibly excited to bring this level of support to the ataxia community."

Synapticure's ataxia care program can provide patients with: 

Virtual medical evaluations with independent neurologists trained in movement disorders, including ataxias At-home genetic testing, where appropriate, including pre and post-test counseling by Synapticure's certified genetic counselors Coordinated evaluation of acquired causes of ataxias including comprehensive laboratory testing, brain imaging, and EMG/NCS as indicated Review of current medications and discussion of evidence-based treatment options Education about clinical trials studying ataxias and general guidance on how patients may explore participation Coordination with physical, occupational, and speech therapists, as well as other members of a patient's care team as appropriate and with patient consent  Behavioral health support and caregiver resources to help families manage the full impact of receiving a neurological diagnosis  As with all conditions Synapticure providers can treat, Synapticure can serve as a patient's primary neurologist, where permitted or work in collaboration with other physicians on a patient's existing care team. The Synapticure model is designed to complement, not replace, any existing specialist relationships a patient may have. Synapticure operates independently and is solely responsible for its clinical services and patient care.

Patients living with ataxias anywhere in the United States can visit synapticure.com/with/ataxia or call (708) 630-1534 to schedule an intake appointment or learn more about Synapticure's services. 

About Synapticure

Founded by Sandra Abrevaya, Brian Wallach, Peter Wallach, and Jason Langheier, Synapticure is a patient- and caregiver-founded virtual care provider offering access to expert neurologists, cutting-edge treatments and trials, wraparound care coordination, and behavioral health support in all 50 states. Partnering with providers and health plans, including CMS' GUIDE dementia care model, Synapticure is dedicated to transforming the lives of millions of individuals and their families living with neurodegenerative diseases like Alzheimer's, Parkinson's, ALS, and now ataxias. For more information, visit www.synapticure.com. 

Synapticure's medical group, CareND, is in-network with Medicare and various commercial insurance plans, with new payer agreements added regularly. Where CareND is not yet in-network, claims will be submitted as an out-of-network provider. The Synapticure billing team is committed to cost transparency, providing patients with a cost estimate prior to any visit. Patients without insurance or those who prefer to pay out of pocket will be informed of visit costs in advance. Coverage and out-of-pocket costs vary based on a patient's health plan and individual circumstances.

Media Contact

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References:

1. National Ataxia Foundation. What is Ataxia? Available at: https://www.ataxia.org/what-is-ataxia/. Last accessed: May 2026.

SOURCE Synapticure

2.41K Followers

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) was awarded lump sum turnkey (LSTK) contracts by Aramco in multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton's role in the program and demonstrate the Company's ability to grow through integrated well delivery at scale. The multi-year contracts encompass approximately 285 planned wells. Halliburton will deliver a fully integrated execution model that includes oil re-entry operations, drilling, completions, and.

Cintas NASDAQ: CTAS share price isn’t low, trading at 37x current-year earnings, approximately 65% more expensive than the average S&P 500 company, but this is about as cheap as it's going to get.

Cintas Today

$204.44 +12.07 (+6.28%)

As of 09:39 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$161.16▼

$226.75Dividend Yield0.88%

P/E Ratio57.52

Price Target$212.69

While valid concerns have weighed on the share price, fears about the Unifirst NYSE: UNF acquisition, regulatory scrutiny, and energy cost headwinds have failed to derail the business. Cintas is the leading player in uniform services, outperforming in fiscal year 2026 and on track to sustain strength in 2027.

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Unifirst could be both a hurdle and a catalyst this year. UNF shareholders have approved the merger, but the Federal Trade Commission has not.

On the one hand, the merger would enable numerous proven synergies that Cintas has unlocked through past acquisitions, while expanding its footprint and cross-selling opportunities—good for growth and margin. On the other hand, a blocked deal would mean Cintas can continue chugging along as it is, outpacing competitors, gobbling up market share, driving cash flow, and returning capital to its investors—good for its share price.

Cintas Advances After Beat-and-Raise QuarterCintas reported another fantastic quarter on July 15, with revenue and earnings outperforming expectations despite the impact of acquisition-related expenses. Revenue grew by 9% to $2.91 billion, outpacing the consensus by approximately 140 basis points. Strength was underpinned by the core Uniform Services segment, which grew by 8.2%, and driven by the Other segment, which grew by more than 11%. The Other segment includes safety, fire, and first aid, all high-margin cross-sells and upsells.

Margin news was also good. The company widened its gross and operating margins, increasing gross margin by 11.6% and operating margin by 12.7%, leaving earnings up at more than double the pace of revenue growth. Adjusted earnings per share (EPS) increased by 18.3%, outperforming by 5 cents, including the 3-cent impact from acquisition expenses. More importantly, full-year cash flow came in at $2.28 billion, more than 5% year-over-year (YOY) and sufficient to cover capital expenditure and acquisition costs while paying the dividend.

Cintas' fiscal year-end balance sheet highlights reflected the strength of its model and position. Current and total assets were up on cash, receivables, and inventory, while long-term debt and liabilities declined, dividends were paid, and shares were bought back. The net result was a 9.7% increase in equity and a 1% YOY reduction in share count, with a dividend yield of about 1%. The takeaway is that CTAS shares paid 1%, while investors gained 1% in share-count leverage and nearly 10% in equity, metrics that underpin share-price increases over time.

Analysts and Institutions Show Confidence in CTAS's Long-Term PotentialCintas’ Q4 results and guidance update may not inspire a robust round of analyst revisions, but it should be enough to end the downtrend in price targets. The downtrend aided the fall in share prices and masked an otherwise favorable market.

The current analyst consensus is Hold, not surprising given the execution risks involved with the Unifirst merger, and price targets suggest modest upside from recent lows. The opportunity is that analyst sentiment will unstick in the upcoming quarters, triggering more bullish activity in the market.

Institutions, on the other hand, are more actively bullish than the analyst trends suggest. The group owns a considerable 63% of the stock and has been buying aggressively over the trailing 12 months. Activity was subdued ahead of the release but reflected a robustly bullish market, with them accumulating at a $4-to-$1 pace. The likely outcome is that, given the low price and technical setup, institutions will continue to accumulate CTAS shares and limit downside risk.

The charts suggest that CTAS hit a bottom over the past year and is in a rebound mode as of mid-2026. Price action moved above critical support ahead of the release and then accelerated in its wake, showing support at a cluster of exponential moving averages (EMAs), including both long- and short-term indicators. Market forces are bullishly aligned, with the price positioned to sustain a rally over the coming quarters. In this scenario, CTAS is on track to retest the existing all-time high within the next 12 months and potentially continue higher afterward.

Fundamentally, Cintas is perfectly positioned to benefit from economic tailwinds. This year’s labor market data isn’t robust but reveals growth and stability, including improvements in total jobless claims that point to uniform and services demand. With labor markets underpinned by business investment, deregulation, and favorable tax policies (as recently indicated by JPMorgan CEO Jamie Dimon), Cintas’ business will remain healthy in upcoming quarters and may even accelerate.

Should You Invest $1,000 in Cintas Right Now?Before you consider Cintas, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.

While Cintas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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Philadelphia, Pennsylvania--(Newsfile Corp. - July 16, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Lucid Group, Inc. (NASDAQ: LCID) ("Lucid" or the "Company") on behalf of investors who purchased or acquired Lucid common stock during the period from February 25, 2026 through April 13, 2026 (the "Class Period").

Investor Deadline: Investors who purchased or acquired Lucid common stock during the Class Period may, no later than July 28, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Headquartered in Newark, Calif., Lucid is a technology-driven automaker that engineers its electric vehicles, powertrains, and battery systems in-house, with a product line that currently spans the Lucid Air sedan and the Lucid Gravity sport utility vehicle.

The Complaint alleges that Defendants failed to disclose that: (i) a defect in a vendor-supplied component — the Lucid Gravity's second-row seats — was interrupting deliveries of that model in Q1 2026; and (ii) the interruption was already eroding, and would continue to erode, Lucid's revenue and results for the quarter.

On April 3, 2026, Lucid reported Q1 2026 production of 5,500 vehicles against deliveries of only 3,093, attributing the shortfall to a 29-day halt in Lucid Gravity shipments tied to a defect in the model's second-row seats. On this news, Lucid's stock price fell 11.35% across the next two trading sessions, ending at $8.83 per share on April 7, 2026 — a $1.13 decline.

On April 14, 2026, the Company disclosed preliminary quarterly revenue of about $280-$284 million — far below the $433.8 million consensus — and operating losses of roughly $985 million to $1.005 billion, while unveiling an approximately $1.05 billion capital raise that featured a $300 million stock offering. On this news, Lucid's stock price fell 4.76%, closing at $8.80 per share on April 14, 2026 — a $0.44 drop.

If you are a Lucid investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267) 764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305370

Source: Berger Montague

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In ZoomInfo To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in ZoomInfo between November 3, 2025 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 16, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ZoomInfo Technologies, Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the true state of ZoomInfo's slowing growth its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.

On May 11, 2026, after the market closed, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance, and announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs. On this news, ZoomInfo's stock price fell $1.98, or approximately 33%, to close at $4.06 per share on May 12, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding ZoomInfo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the ZoomInfo class action, go to www.faruqilaw.com/GTM or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the ZoomInfo Securities Class Action Lawsuit:

What is the ZoomInfo securities fraud lawsuit about?

The lawsuit alleges that ZoomInfo Technologies, Inc. (NASDAQ: GTM) and certain of its officers and directors violated federal securities laws by making materially false and misleading statements to investors during the class period. Specifically, the complaint alleges that defendants issued overwhelmingly positive statements while allegedly concealing the true extent of slowing growth in ZoomInfo's legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that defendants minimized concerns that customers were shifting toward consumption-based usage models and developing internal AI-driven go-to-market solutions, which allegedly masked material adverse trends affecting the Company's business. On May 11, 2026, after markets closed, ZoomInfo allegedly disclosed the severity of these conditions when it announced sharply lowered full-year 2026 guidance, a realignment of its downmarket business, a workforce reduction of approximately 20%, and anticipated restructuring costs of approximately $45-60 million — news that allegedly caused the Company's stock to decline approximately 33% the following trading day.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities during the class period — between November 3, 2025 and May 11, 2026, inclusive — may be eligible to participate in this lawsuit. Eligible investors are not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the class period may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period dates. Participation in the litigation does not require that an investor take an active role in the case or incur out-of-pocket legal expenses to be considered a potential class member.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including selecting and overseeing class counsel and making key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased ZoomInfo Technologies securities during the class period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is August 24, 2026. Importantly, investors are not required to serve as lead plaintiff in order to be eligible to share in any recovery that may result from the litigation; the vast majority of class members participate without taking on that representative role.

What should investors do if they purchased ZoomInfo stock during the Class Period?

Investors who purchased ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities between November 3, 2025 and May 11, 2026 should promptly review their brokerage and account records to confirm the dates and prices of any relevant transactions. Investors are strongly encouraged to preserve all documentation related to their ZoomInfo securities purchases, including trade confirmations, account statements, and any communications concerning those investments. Given that the lead plaintiff motion deadline is August 24, 2026, investors who wish to explore their legal options — including the possibility of seeking appointment as lead plaintiff — should act in a timely manner. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their rights and potential claims prior to that deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased ZoomInfo securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305344

Source: Faruqi & Faruqi LLP

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NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD adds former Marine and Joystick.tv programmer Jeremy Woertink to advance its payment gateway and evaluate strategic tech acquisitions.

Dell Technologies stock has moved sideways since May, when it peaked at a record high of $469.60. It retreated to $412 as investors remained jittery about the AI sector and its hefty valuation metrics.

Elevance Health Inc. (NYSE:ELV) on Wednesday reported upbeat second-quarter results and raised its full-year guidance.

Adjusted earnings came in at $7.45 per share, beating the analyst consensus estimate of $6.21. Revenue rose to $49.83 billion, above the consensus estimate of $48.69 billion.

Elevance now expects fiscal 2026 adjusted earnings of at least $27 per share, up from prior guidance of at least $26.75 and above the Wall Street consensus estimate of $26.91. The company also raised its fiscal 2026 operating cash flow forecast to at least $6 billion.

Elevance Health shares rose 1.8% to $397.20 in pre-market trading.

These analysts made changes to their price targets on Elevance Health following earnings announcement.

Baird analyst Michael Ha maintained the stock with a Neutral and raised the price target from $331 to $393. Barclays analyst Andrew Mok maintained Elevance Health with an Overweight rating and lowered the price target from $480 to $457. Guggenheim analyst Jason Cassorla maintained the stock with a Buy and raised the price target from $399 to $455. Considering buying ELV stock? Here’s what analysts think:

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Continued supply shortages, dramatic price increases, surging AI demand, and persistent competition across international markets have all contributed to volatility in the computer memory industry. With the impending IPO of China's ChangXin Memory Technologies, the landscape is likely to only become more competitive and uncertain in the near-term. Still, many tech firms are scrambling to secure supply despite an intensifying marketplace and new competition.

The result is an environment that could be beneficial to many participants in the memory storage space, although for different reasons. Makers of hard disk drives (HDDs) face different challenges and opportunities than companies behind NAND flash tools or enterprise solid-state drives (SSDs), for instance. This means that companies including Seagate Technology NASDAQ: STX, Western Digital Corp. NASDAQ: WDC, and Sandisk Corp. NASDAQ: SNDK can all find a niche and, potentially, room for further share price appreciation.

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Seagate's HDD Business Soars, But What Upside Remains?Overall MarketRank™94th Percentile

Analyst RatingModerate Buy

Upside/Downside8.5% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment0.93 Insider TradingSelling Shares

Proj. Earnings Growth91.80%

See Full Analysis

Seagate is a major manufacturer of HDDs, which are increasingly popular among hyperscalers because they remain cheaper alternatives to some other types of memory products. The company is also an emerging leader in heat-assisted magnetic recording (HAMR), an advanced technology that may be poised for a demand surge in the coming years.

This positioning has benefited Seagate's financial performance considerably: in the latest quarter, the company grew revenue by 44% year over year (YOY) to $3.1 billion while achieving a non-GAAP gross margin of 47%. Both top- and bottom-line performance came in well ahead of analyst expectations, as the firm beat predictions for earnings per share (EPS) by a solid 59 cents. HAMR momentum in particular helped to drive some of these gains.

Strong guidance for the foreseeable future and a long-term revenue growth target of at least 20% per year suggest that Seagate may be able to continue to ride this momentum, which has already contributed to shares coming close to tripling year to date (YTD). Even still, analysts expect additional upside, with a consensus price target close to $899, and 22 of 27 ratings for STX are Buys.

What investors might watch out for with this stock are its potential for future growth, given its dramatic rally in recent months, as well as its heavy reliance on HDDs and related technologies.

Western Digital's Cleaner Post-Spin-Off Business Finds Its LegsOverall MarketRank™88th Percentile

Analyst RatingModerate Buy

Upside/Downside1.3% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment0.76 Insider TradingSelling Shares

Proj. Earnings Growth87.71%

See Full Analysis

Western Digital has had almost a year and a half since officially spinning off Sandisk as a separate company focused on flash memory and SSD. The result is a company that is streamlined to focus on enterprise HDDs, with strong pricing and improving profitability metrics. While the firm is likely behind Seagate on its capacity to commercialize HAMR products and has a smaller share of the enterprise HDD space, its long-term agreements give it strong support for years to come.

In the most recent quarter, Western Digital boosted revenue by 45% YOY to $3.3 billion while almost doubling EPS over the same period. Its gross margin of 50.5% is also notable, as the firm was able to cut more than $3 billion in debt and generated close to $1 billion in free cash flow. At the same time, Western Digital has been aggressive about shareholder value returns, repurchasing $752 million in stock last quarter and boosting its dividend in the process.

Like STX, WDC shares have almost tripled YTD, and analysts suspect that this momentum may have stalled somewhat. Still, 20 out of 24 call WDC a Buy heading into the second half of the year.

Sandisk Stock Remains in Focus After Its Spin-OffOverall MarketRank™89th Percentile

Analyst RatingModerate Buy

Upside/Downside11.7% Upside

Short Interest LevelHealthy

Dividend StrengthWeak

News Sentiment0.63 Insider TradingSelling Shares

Proj. Earnings Growth186.42%

See Full Analysis

Investors considering Western Digital will also want to look at how Sandisk has fared after the spin-off. SNDK shares are up some 458% YTD, a massive rally to be sure, but have fallen by more than 27% in the last month. This volatility makes SNDK stand out somewhat in the memory space but could also present opportunities for investors willing to accept the risk.

On the business side, Sandisk has performed exceptionally well: the latest quarter brought several multi-year new business agreements worth tens of billions of dollars, 251% YOY revenue improvement to nearly $6 billion, adjusted free cash flow of almost $3 billion, and gross margin of 78.4%. Management sees a strong quarter to come as well, including revenue between $7.75 billion and $8.25 billion and gross margin as high as 81%. The company is also engaging in a massive share buyback program.

It goes to show just how well Sandisk has done that even after the massive rally, Wall Street still sees 17% in possible upside. In terms of ratings, 21 Buys and five Holds suggest a very bullish perspective among analysts, making SNDK a standout even within a strong industry.

Should You Invest $1,000 in Western Digital Right Now?Before you consider Western Digital, you'll want to hear this.

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During the second official hydration break of this summer's international tournament final on July 19, Chipotle will launch its first-ever Chipotle "Water" Break, giving viewers a chance to unlock entrée offers   Inspired by Chipotle's iconic water cups and the playful conversation surrounding guests who "accidentally" fill them with lemonade, the activation will challenge participants to track a lemonade-filled cup on the @Chipotle Instagram , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced that it is turning one of soccer's newest matchday traditions into a $1 million burrito giveaway inspired by the long-running social conversation surrounding its iconic water cups. During the international tournament final on July 19, viewers at home can participate in a Chipotle "Water" Break for a chance to unlock free entrée offers.

Chipotle is putting a twist on hydration breaks during this summer’s international tournament final on July 19, giving fans a chance to unlock entrée offers. When play pauses for the match's second official hydration break, Chipotle will bring a stadium-inspired game to fans watching from home. The brand will share a video from the @Chipotle Instagram account challenging viewers to follow a lemonade-filled cup as three identical Chipotle water cups shuffle across the screen. At the end of the video, the lemonade-filled cup will reveal a text-to-win code. The first 100,000 participants to text the code to 888-222 will receive a free entrée offer.¹ 

Some Chipotle fans have been known to "accidentally" fill their complimentary water cups with lemonade at the beverage station. Over the years, Chipotle has leaned into the joke, acknowledging these "accidents" in a series of self-aware posts on social media (see HERE, HERE, HERE).

"The best brand ideas start with a fan truth," said Stephanie Perdue, Senior Vice President, Marketing at Chipotle. "Our water cup has become one of the most recognizable symbols in Chipotle fan culture, and when hydration breaks emerged as a new part of the matchday experience, we saw an opportunity to bring that fan lore to life on one of the biggest stages in sports."

A Summer of Soccer and Burritos
The Chipotle "Water" Break builds on the success of last month's Matchday BOGO, which became the biggest promotional day in company history. Chipotle's jersey BOGOs have become a fan-favorite tradition, with guests showing their pride in everything from official jerseys to homemade creations just for the occasion (see HERE, HERE, HERE).

This summer's tournament has also introduced Chipotle to international visitors traveling across North America, many of whom are experiencing iconic American brands and traditions for the first time. From longtime Chipotle superfans to first-time guests discovering the brand during their travels, the activation gives everyone another way to celebrate the conclusion of the summer's biggest sporting event.

1 — Free Entrée codes will be valid for any regularly priced entrée, subject to availability, until 7/24/26. Valid in the U.S. only, 13+. Standard text & data rates may apply. Additional terms: chipotle.com/water-break.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,100 restaurants as of March 31, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. With over 135,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit Chipotle.com.

SOURCE Chipotle Mexican Grill

Miami, FL, July 16, 2026 (GLOBE NEWSWIRE) -- ONAR Holding Corporation (OTC PINK: ONAR) (“ONAR” or the “Company”), an AI-powered marketing platform, today issued the following letter to stockholders from Chief Executive Officer Claude Zdanow.

Dear Valued Shareholders,

Let me start with the thesis, because everything else in this letter follows from it.

The holding company model does not work for the middle market. The big networks were built to serve the Fortune 100, and their economics only make sense at that scale. Everybody else gets the leftovers: a junior team, recycled strategy, and a rate card designed for someone else’s budget. That is most of the market, and it is where most of the growth actually is.

Our bet is that AI collapses the cost of doing that work properly. Not by firing people, which is where most of our industry seems to have landed, but by giving good people leverage they have never had. We buy strong agencies, we put our own technology inside them, and the same team serves more clients without us adding headcount at the same pace.

That is no longer a slide in a deck. It is showing up in the P&L.

The quarter

In the first quarter of 2026, revenue grew 39% year over year. Our loss from operations improved 68%. And we used 40% less cash running the business than we did a year ago. For fiscal year 2025, revenue grew 63% and gross profit turned positive. The dollar figures are all in our filings, and I would encourage you to go read them.

We are not where we need to be. But you do not get numbers like those out of cost cuts. You get them out of a model that has started to work.

Being late, and owning it

Our Form 10-K went out later than any of us wanted and I take responsibility for it. We were integrating several acquisitions at once while building the finance function that a multi-subsidiary public company actually requires, and we did not build it fast enough. It was not a reflection of the health of the business. We have since strengthened that function, added people, and fixed our close and audit process so that we do not repeat it. With our first quarter Form 10-Q now on file, we are current in our reporting obligations with the SEC.

We were also quiet for several months, and that was deliberate. We were working through a decision that shapes everything else: whether to take ONAR private, or stay public and go after something much bigger. It was not a decision I wanted to rush, and it was certainly not one to narrate in real time. It is made now, and the rest of this letter is what came out of it.

What we have actually built

Everything we have built lives inside ONAR Labs, our technology division. Three of them matter here.

ONAR AI is the platform that runs the company. It is our marketing intelligence layer, and it sits across every agency we own, giving our teams the efficiency I keep coming back to. It is why the same people can take on more clients without us hiring at the same pace, and it is a big reason our loss from operations improved 68% while revenue grew. Here is the part that matters most for how we grow: ONAR AI can be implanted into any agency we acquire. When we buy a business, we do not only add its revenue, we drop our technology into it and lift how the whole thing runs. That is what makes the acquisition model compound rather than just add up.

Retina AI is a predictive customer intelligence engine. In plain terms, it tells you what a customer is going to be worth before you spend the money to acquire them. Most marketing budgets in this industry are still allocated on cost per click, which optimizes for the cheapest customer rather than the most valuable one. Retina inverts that. It scores lifetime value up front, so media spend goes toward the customers who will actually be worth having. That is the difference between buying traffic and buying customers, and our clients feel it in their margins.

Cortex is our sales attribution platform. It answers the oldest, hardest question in marketing: which spend actually drove a sale. Cortex measures that across both offline and online channels, and the offline half is the hard half, because most tools can follow a click but go dark the moment a customer walks into a store or picks up the phone. It lays the answer out in a way a client can actually read, instead of a dashboard nobody opens.

Cortex is now a product

Here is the development I am most excited about, and the one I think is most easily missed.

We have begun commercializing Cortex, starting with the offline sales attribution piece. It is no longer only something we use to measure our own clients’ marketing; we are selling it to others, and it has started to generate revenue. It is early and the amounts are small, and I will not pretend otherwise. But a marketing services company that also earns technology revenue is a fundamentally different business than the one we started with, and it is the business we intend to become.

What is ahead

I am going to keep the specifics close, because these are live processes and several of them involve counterparties and definitive agreements that are not yet signed.

First, we have signed a non-binding letter of intent for a potentially transformative acquisition, which remains subject to the execution of definitive documentation. It is significantly larger than anything we have done before. It is profitable, and it fits what we have been building.

Second, we have signed a term sheet for a proposed $15 million financing to fund the business going forward. A term sheet is not a definitive agreement. The financing remains subject to the negotiation and execution of definitive documentation, completion of due diligence, and customary closing conditions, and there is no assurance that it will be completed on these terms or at all.

Third, we are in active discussions with our lenders and investors regarding the conversion of a portion of our outstanding debt into equity, which would align our long-term partners directly with you.

Fourth, we have made the decision to pursue an uplisting to the Nasdaq Stock Market. A national exchange listing can bring added credibility, broader access to investors, and greater visibility as we continue to scale.

Taken together, the proposed financing and the potential debt conversion are directed at one objective: a stronger balance sheet. If both are completed on the terms we are pursuing, we would expect to enter the second half of the year with more capital to invest in the business and less debt to service. I want to be equally direct that neither is in final form today, and both remain subject to the conditions I describe below.

Clear-eyed

A non-binding letter of intent is not a closed deal, and a term sheet is not a financing. Both require definitive documentation. A Nasdaq listing depends on meeting Nasdaq’s requirements and receiving approval. None of these are promises, and some of them may not happen. What I can tell you is that they are real priorities, they are in motion, and we will report on each one as it moves from plan to fact.

And you have my word on the communication itself. We were quiet for too long, and I do not intend to repeat it. You can expect to hear from us on a regular basis going forward, in our filings and directly, whether the news is easy or hard.

If you have held this stock through the quiet stretch, thank you. I know it has not always been easy, and I have felt the weight of that every day. The trend has turned, the technology is doing what we said it would, and the opportunity in front of us is the largest this company has ever had. There is a great deal of work ahead, and we are just getting started.

Sincerely,

Claude Zdanow
Chief Executive Officer
ONAR Holding Corporation

For complete financial statements, related notes and risk factors, including all reported dollar figures, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, each filed with the SEC and available at www.sec.gov.

About ONAR Holding Corporation

ONAR Holding Corporation (OTC PINK: ONAR) is an AI-powered marketing platform. ONAR owns and operates a group of specialist marketing agencies serving middle-market and growth-stage brands across performance marketing, creative, and commerce. Its technology division, ONAR Labs, develops and houses the Company’s proprietary technology, including ONAR AI, a marketing intelligence platform deployed across the Company’s agencies to improve productivity; Retina AI, a predictive customer intelligence platform; and Cortex, an offline and online sales attribution platform. ONAR continues to expand the platform through disciplined acquisitions, including JUICE and Scale Partner. Learn more at www.onar.com.

Forward-Looking Statements

This letter contains statements that the Company believes to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the Company’s future financial condition, results of operations, business operations and business prospects, the commercialization of the Company’s technology and any revenue derived from it, and any statements regarding a potential acquisition, a proposed financing, a potential conversion of outstanding debt into equity, an upgrade to a higher OTC Markets market tier, or an exchange uplisting, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe,” and similar words and expressions are intended to identify forward-looking statements. These statements reflect the Company’s current expectations, are not guarantees of future performance, and involve known and unknown risks and uncertainties, including the non-binding nature of letters of intent and term sheets, the requirement to negotiate and execute definitive documentation, the satisfaction of due diligence and customary closing conditions, the early stage of the Company’s technology commercialization efforts, the substantial doubt about the Company’s ability to continue as a going concern described in its SEC filings, the Company’s working capital deficit, the need for additional financing, the requirements and approvals necessary for a national exchange listing, integration risks, market conditions, competition, and regulatory changes, any of which could cause actual results to differ materially. Detailed risk factors are included in the Company’s filings with the SEC, including its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q. These forward-looking statements speak only as of the date hereof. The Company assumes no obligation to update these statements except as required by law.

Media and Investor Contact

ONAR Holding Corporation
Investor Relations
[email protected]
(213) 437-3081
www.onar.com

16.7.2026 15:15, GE

Americký výrobce leteckých motorů General Electric Aerospace oznámil výsledky hospodaření za druhý kvartál roku 2026. Tyto výsledky překonaly očekávání, když společnost díky robustnímu růstu komerčních služeb a rekordním dodávkám motorů navýšila očištěné tržby o 24 % a očištěný zisk na akcii o 22 %. Na základě výkonnosti v první polovině roku společnost plošně zvýšila svůj celoroční výhled, a to již posedmé od začátku roku 2024. Podle analytika TD Cowen však navýšení výhledu vzhledem k vysokým očekáváním trhu nemusí být dostatečně dobré.

Výsledky společnosti General Electric Aerospace (GE) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Očištěné tržby (mld. USD) 12,63 11,86 10,15 Čistý zisk (mld. USD) 2,80 -- 2,39 Očištěný zisk na akcii (EPS, USD/akcie) 2,02 1,86 1,66 Výsledky za 2Q Očištěné tržby meziročně vzrostly o 24 % na 12,63 mld. USD a překonaly tak tržní konsensus ve výši 11,86 mld. USD.

Tržby z komerčních motorů a služeb dosáhly 9,73 mld. USD (meziroční růst o 27 %) a předčily tak očekávání trhu ve výši 9,16 mld. USD. Tržby ze služeb rostly o 26 %, když tržby z interních servisních návštěv vzrostly o 25 % a tržby z náhradních dílů o více než 25 %. Tržby z prodeje zařízení se zvýšily o 30 % díky 26% růstu objemu dodaných jednotek, včetně 24% nárůstu u motorů LEAP. Objednávky v tomto segmentu zaznamenaly meziroční růst o 18 % na 12,93 mld. USD.

Vývoj tržeb z komerčních motorů a služeb, zdroj: GE Aerospace

Tržby z obranných a pohonných technologií společnost reportovala ve výši 3,44 mld. USD (+16 % meziročně) a překonaly tak analytický konsensus 3,20 mld. USD. Objednávky v tomto segmentu meziročně vzrostly o 12 % na 4,14 mld. USD.

Vývoj tržeb z obranných a pohonných technologií, zdroj: GE Aerospace

Očištěný provozní zisk meziročně vzrostl o 18 % na 2,75 mld. USD při očištěné provozní marži 21,7 %, která meziročně poklesla o 1,3 p. b. vlivem vyššího podílu dodávek nových instalovaných motorů (včetně GE9X), investic a inflace.

Očištěný volný hotovostní tok (FCF) dosáhl 3,03 mld. USD (+43 % meziročně) při projekcích 1,98 mld. USD.

Hodnota nově přijatých objednávek za dané období činí 16,5 mld. USD (+17 % meziročně), přičemž celkový objem nezpracovaných zakázek (backlog) přesahuje 210 mld. USD.

Celkové dodávky motorů se v první polovině roku zvýšily o 31 %, včetně 41% růstu dodávek motorů LEAP. Společnost zároveň upozornila, že očekává pokračující omezení v dodavatelském řetězci a inflační tlaky, jejichž dopady se nadále snaží zmírňovat.

Meziroční vývoj očištěného zisku na akcii, zdroj: GE Aerospace

Celoroční výhled Společnost na základě výsledků za první pololetí a výhledu na zbytek roku plošně navýšila celoroční výhled:

Růst očištěných tržeb ve vyšších desítkách procent (high-teens), oproti dřívějšímu očekávání růstu v nízkých dvouciferných procentech. Očištěný provozní zisk v rozmezí 10,55 až 10,75 mld. USD (dříve 9,85 až 10,25 mld. USD). Očištěný zisk na akcii ve výši 7,65 až 7,85 USD (dříve 7,10 až 7,40 USD) při analytickém konsensu 7,56 USD. Očištěný volný hotovostní tok (FCF) v rozmezí 8,9 až 9,2 mld. USD (dříve 8,0 až 8,4 mld. USD) při odhadech 8,37 mld. USD. Segment komerčních motorů a služeb nyní pro rok 2026 očekává růst tržeb o cca 20 % (dříve v polovině desítek procent) a provozní zisk v rozmezí 10,25 až 10,35 mld. USD (dříve 9,6 až 9,9 mld. USD). Segment obranných a pohonných technologií počítá s růstem tržeb v nízkých dvouciferných procentech a provozním ziskem 1,6 až 1,7 mld. USD (dříve 1,55 až 1,65 mld. USD).

Komentář CEO „GE Aerospace odvedla silný druhý kvartál, ve kterém tržby i zisk na akcii vzrostly o více než 20 % díky robustnímu růstu komerčních služeb. Náš systém FLIGHT DECK nadále pohání významná provozní zlepšení napříč službami i výrobou zařízení – v kvartálu jsme dosáhli rekordního objemu interních servisních návštěv a dodávky motorů v prvním pololetí vzrostly celkem o 31 %,“ uvedl předseda představenstva a generální ředitel H. Lawrence Culp, Jr.

Culp pokračoval: „Vzhledem k naší výjimečné dosavadní výkonnosti a viditelnosti pro zbytek roku plošně navyšujeme celoroční výhled. Do budoucna se soustředíme na to, co je pro naše zákazníky nejdůležitější: plnění zakázek v objemu přes 210 mld. USD a zároveň investice do současných i příští generací technologií, které prodlouží dobu motoru na křídle a sníží náklady na vlastnictví.“

Vývoj akcie Akcie General Electric Aerospace (GE) v přeburzovní fázi obchodování oslabují o 2,99 % na 349,56 USD.

Akcie GE Aerospace (GE) před výsledky na 360,35 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 373,9 P/E 49,9 Vývoj za letošní rok (%) +17,0 Očekávané P/E 47,7 52týdenní minimum (USD) 254,7 Prům. cílová cena (USD) 373,9 52týdenní maximum (USD) 383,0 Dividendový výnos (%) 0,5 Zdroj: GE Aerospace, Bloomberg

Michal Bárta, Fio banka, a.s.

NEW YORK--(BUSINESS WIRE)--Ziff Davis, Inc. (NASDAQ: ZD) will release its Second Quarter 2026 Earnings at 6:00PM ET on Thursday, August 6, 2026. Additionally, Ziff Davis invites the public, members of the press, the financial community, stockholders, and other interested parties to listen to a live audio Webcast of its Second Quarter 2026 Earnings Call at 8:30AM ET on Friday, August 7, 2026. Vivek Shah, Chief Executive Officer, and Bret Richter, Chief Financial Officer, will host the call. Mate.

Grant will help connect young workers to safe banking accounts, direct deposit, and financial education through expanded Youth Banking Connect initiative

, /PRNewswire/ -- The KeyBank Foundation announced a $300,000 grant to the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) to support the expansion of the organization's Youth Banking Connect (YBC) initiative, formerly known as Summer Jobs Connect. This investment will help more young people nationwide gain access to safe, affordable banking products, direct deposit, and financial education through government-connected workforce programs.

Cities for Financial Empowerment Fund The three-year grant will enable the CFE Fund to expand its model beyond summer youth employment programs to reach young people participating in government-led workforce development opportunities. Through a cohort-based academy model, the initiative will provide technical assistance and support to at least 15 youth workforce programs nationwide over three years, helping them integrate banking access, financial education, and other financial empowerment strategies into their operations. As a result, the CFE Fund anticipates measurable increases in the number of participating youth who open safe and affordable bank accounts, receive wages through direct deposit, and engage in financial education programming.

"For many young people, a first paycheck represents a critical opportunity to begin building lifelong financial habits," said Eric Fiala, Chief Corporate Responsibility Officer and CEO of the KeyBank Foundation. "KeyBank is committed to advancing economic inclusion and financial wellness in the communities we serve. Through our partnership with the CFE Fund, we are helping more young people access safe banking products, receive wages through direct deposit, and gain the financial knowledge they need to build a strong foundation for their futures."

Banking access remains a key building block of financial stability. Over the past decade, the CFE Fund's youth banking efforts have helped more than 180,000 young people open their first bank account and enabled more than 600,000 youth workers to receive their wages through direct deposit. The newly expanded Youth Banking Connect initiative will build on that success by reaching a broader range of youth workforce programs serving participants ages 14 to 24.

"An early job can be a transformative moment in a young person's life; pairing that experience with access to safe banking and financial education can have lasting impacts on lifelong financial stability," said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. "We are deeply grateful to the KeyBank Foundation for its support of Youth Banking Connect. This investment will help local governments and community partners across the country equip young workers with the tools and resources they need to begin their financial journeys with confidence."

Through the Youth Banking Connect Academy, participating workforce programs will receive no-cost training, technical assistance, peer learning opportunities, and resources to help them establish partnerships with financial institutions, increase direct deposit adoption, and incorporate financial education into youth workforce experiences.

The initiative primarily serves low- and moderate-income youth, many of whom are earning income for the first time and may be unbanked or underbanked. By connecting participants to banking accounts at the start of their working lives, the program aims to promote long-term financial potential, saving habits, and economic mobility.

The grant aligns with the KeyBank Foundation's commitment to advancing economic inclusion and financial capability, helping individuals and families build stronger financial futures and creating pathways to greater opportunity in communities across the country.

Non-profits and workforce development programs can apply for the YBC Academy here: https://www.grantinterface.com/Process/Apply?urlkey=CitiesFE The Cities for Financial Empowerment Fund will host two informational webinars on the YBC Academy:

First informational webinar: Wednesday, July 22nd at 2pm ET (Register here) Second informational webinar: Thursday, August 13th at 3pm ET (Register here) ABOUT KEYCORP
KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026. 

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. 

ABOUT CITIES FOR FINANCIAL EMPOWERMENT
The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting-edge experience with large-scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in over 150 cities and counties, and has disbursed over $75 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Bluesky at @cfefund.bsky.social.

SOURCE KeyBank